Broadway Industrial's (SGX:B69) takeover offer by United Overseas Bank (SGX:U11) on behalf of Patec has been extended to Dec. 23, according to a filing with the Singapore Exchange on Friday.
In an earlier filing, Patec made a mandatory conditional cash offer to take the company private at SG$0.197 in cash per share. The offer came after the metal forming company acquired around 197 million shares in the company, representing 43.3% of its share capital.
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