TalkTalk extends bid deadline for investment firm Toscafund for a second time
TalkTalk is extending Toscafund’s bid deadline for second time
TalkTalk is extending Toscafund’s bid deadline for second time.
The investment firm, which is already a major shareholder in the telecoms group with a 29 per cent stake, now has until December 17 to table an offer or walk away.
Toscafund made a 97p-ashare approach for TalkTalk in October, valuing the group at £1.1 billion, with an original deadline of November 5.
This was moved to December 3 before the latest extension, as the two firms continue discussions and as Toscafund carries out due diligence. Tosca also has stakes in Ted Baker and Stobart Group.