The potential acquisition of Keywords Studios has been delayed as the company is granted an extension to the period in which its prospective buyer must make its offer.
As reported last month, a private equity firm within the EQT Group is considering a cash offer at £25.50 per share to acquire the games development services firm. In a regulatory notice, Keywords confirmed it has been in advanced discussions with its potential buyer.
EQT was required to make a formal offer, or announce that it would not make an offer, by 5pm on June 15. Keywords has requested an extension to this deadline, and this has been approved by the Panel on Takeovers and Mergers.
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