Sepura has announced in a regulatory statement that the deadline by which Hytera must either make a firm offer for Sepura’s entire share capital or announce that it will not make one, has been extended by a week. Following a request from Sepura's board, the Panel on Takeovers and Mergers has extended the deadline to 5:00pm on 9 December.
The statement said that “Positive discussions are continuing between [Sepura] and Hytera but there can be no certainty that any offer will be forthcoming.”
The Panel on Takeovers and Mergers could extend the deadline again. The statement from Sepura indicated that it was made with the prior approval of Hytera and that a further announcement will be made when appropriate.
