The UK Takeover Panel extended the deadline for the KKR and Energy Capital Partners consortium to make a firm offer for DCC twice, ultimately reaching July 16. This extension comes amid growing opposition, as company founder Jim Flavin joined major shareholders in rejecting the £5.7bn takeover bid. These developments aim to provide more time for negotiations regarding the proposed acquisition of the FTSE 100 logistics and services group.
The UK Takeover Panel has extended the deadline for KKR and Energy Capital to finalize a firm offer for the Irish energy distributor DCC.
Read the full storyFounder Jim Flavin joins major shareholders in rejecting KKR's £5.7bn bid, labeling the offer as 'on the cheap' despite board support.
The UK Takeover Panel granted KKR and Energy Capital Partners more time to finalize their £5.7 billion firm offer for DCC.