By Ian WalkerTekmar Group PLC said Monday that it has granted a potential investor a 14-day extension to the exclusivity period to allow the preferred partner extra time to complete its due diligence and finalize its proposal. The provider of technology and services to the energy industry--which said in November that it had granted the partner a 60-day exclusivity period--stressed that the exclusivity relates to alternate debt or equity financing proposals and doesn't prevent an offer being made for the company by a third party under the formal sale process. Tekmar added that there is no guarantee that any deal will be struck from the investor, which is in the energy sector. Write to Ian Walker at ian.walker@wsj.com

Source: Wall Street Journal January 16, 2023 07:23 UTC