Extension likely for Alphyra buyout offer

Today is the day by which Alphyra shareholders must decide whether or not to accept the terms of Rendina, the buyout vehicle of directors wishing to buyout the company.

It now seems unlikely that the company will receive the 80% acceptances required to enable the

€80m deal (€ 2.45 per share) to go through.

It appears that the shareholders may be given a time extension in which to consider the deal.