NIBC Bank Says Blackstone Group's Takeover Offer Acceptance Period Extended to Dec. 21
October 06 2020 - 1:28PM
Dow Jones News
By Adriano Marchese
Dutch lender NIBC Bank NV said Tuesday that it has received an
extension to the acceptance period for Blackstone Group Inc.'s
takeover offer to Dec. 21.
The company said the process to obtain the necessary regulatory
clearances is on track which both parties expect to receive before
that date.
NIBC said settlement of the offer will take place still within
2020.
In mid-July, the company said that it would proceed with the
amended recommended all-cash offer of 7 euros ($8.25) for each of
its shares from Blackstone Group Inc., following the unconditional
approval of the European Commission for the transaction.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
October 06, 2020 13:13 ET (17:13 GMT)
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