Spire Healthcare Group (LSE:SPI), the private hospital operator, has extended the put-up-or-shut-up deadline for Toscafund by nearly four weeks, giving the investment firm until 5.00 p.m. on 6 August to either announce a firm intention to make an offer or walk away.
The extension pushes back a deadline that had stood at 9 July under the terms of a previous announcement on 25 June, and was made with Toscafund's approval.
The proposal remains conditional on completion of confirmatory due diligence and agreement of definitive transaction documentation, and Spire Healthcare cautioned that no certainty exists that any firm offer will be made even if those pre-conditions are met or waived.
The 6 August deadline can itself be extended further, subject to Spire Healthcare's consent and Takeover Panel approval.
