The financial-services provider said on July 11 that PSF Capital--or Pension SuperFund Capital--had tabled an offer worth 41.6... The U.K. Takeover Panel has extended the deadline for PSF Capital Reserve to make an offer for STM Group, or walk away, until Sept. 5 so that the parties can continue talks and the due diligence process. By Ian WalkerThe U.K. Takeover Panel has extended the deadline for PSF Capital Reserve to make an offer for STM Group, or walk away, until Sept. 5 so that the parties can continue talks and the due diligence process. The financial-services provider said on July 11 that PSF Capital--or Pension SuperFund Capital--had tabled an offer worth 41.6 million pounds ($53.1 million) for the company that it would recommend if a formal proposal was put forward.

Source: Wall Street Journal August 22, 2023 07:31 UTC