Grafton's Heiton offer date extended
Builders Grafton Group said the date by which all the conditions of its offer for Heiton Holdings must be satisfied has been extended from November 29 to December 20.
Grafton said earlier this month that its €336m offer had been accepted by 89.2% of Heiton shareholders.
The proposed acquisition is under investigation by the Competition Authority, which was informed about the deal on September 10. On October 1, it asked Grafton and Heiton for more information.
Grafton stock is trading at €7.55 on the ISEQ, up five cent in today's trade. Heiton stock is down five cent to €6.65.
