The Fennell extends bid deadline
Luxury jeweller Theo Fennell has asked for EME Capital to be granted more time to declare whether it will make a bid for the company.
The jeweller announced last September that it was in discussions about a possible takeover by the private equity firm. Although EME Capital initially had until 3 October 2012 to decide whether to make an offer, the deadline has been extended several times since then.
EME Capital now has until 28 June to announce whether or not it will press ahead with any bid.
In a statement Theo Fennell said: “The Company remains in offer discussions with EME who are currently reviewing information which has been made available by the Company. The anticipated timetable for the completion of these discussions is consistent with the newly extended deadline.”
