TalkTalk extends bid deadline for investment firm Toscafund for a second time

by

TalkTalk extends bid deadline for investment firm Toscafund for a second time

By City & Finance Reporter for the Daily Mail

Published: | Updated:

TalkTalk is extending Toscafund’s bid deadline for second time

TalkTalk is extending Toscafund’s bid deadline for second time. 

The investment firm, which is already a major shareholder in the telecoms group with a 29 per cent stake, now has until December 17 to table an offer or walk away. 

Toscafund made a 97p-ashare approach for TalkTalk in October, valuing the group at £1.1 billion, with an original deadline of November 5. 

This was moved to December 3 before the latest extension, as the two firms continue discussions and as Toscafund carries out due diligence. Tosca also has stakes in Ted Baker and Stobart Group. 

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.