5 big analyst AI moves: Apple lifted to Buy, AI chip bets reassessed
LONDON - Empresaria Group plc (AIM:EMR), an international specialist staffing group, announced Tuesday it has secured an extension to the deadline for takeover discussions with Legacy UK Holdings Limited.
The Panel on Takeovers and Mergers has consented to extend the deadline from August 27 to September 24, 2025, by which time Legacy must either announce a firm intention to make an offer or declare it does not intend to proceed.
According to the company’s statement, Legacy and Empresaria "remain in positive discussions" regarding a possible cash offer, with Legacy’s due diligence process continuing. The potential deal, initially disclosed on July 30, involves a non-binding indicative proposal from Legacy to acquire Empresaria’s entire issued and to be issued share capital at 62 pence per ordinary share in cash.
Empresaria emphasized that there is no certainty an offer will be made. The extension provides nearly four additional weeks for the parties to complete discussions and for Legacy to finalize its position.
Under the City Code on Takeovers and Mergers, if Legacy ultimately decides not to proceed with an offer, the announcement will be treated as a statement to which Rule 2.8 applies, which would restrict Legacy’s ability to make another offer for a specified period.
The announcement was authorized for release by Rhona Driggs, Chief Executive Officer of Empresaria.
This information is based on a regulatory announcement issued by Empresaria Group plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.