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(Sharecast News) - Good Energy Group announced an extension to the deadline for Esyasoft to decide on a potential takeover bid for the company on Monday.
Esyasoft previously submitted an indicative, non-binding proposal to acquire the entire issued and to-be-issued share capital of Good Energy.
The AIM-traded firm said the initial deadline of 1700 GMT on 25 November, set under the Takeover Code, had been extended to 1700 GMT on 23 December, following a request by Good Energy to allow Esyasoft more time to complete its due diligence.
By the revised deadline, Esyasoft would need to either announce a firm intention to make an offer under Rule 2.7 or confirm that it did not intend to proceed.
At 1519 GMT, shares in Good Energy Group were down 0.66% at 350.16p.
Reporting by Josh White for Sharecast.com.
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