New deadline is 10 September
Markerstudy has been given an extension to its deadline for formalising its bid for broking group Brightside.
The original deadline given to the motor insurance group for making a firm offer had been 5pm on 13 August, but this has now been extended to 5pm on 10 September.
In a Brightside statement to the stock exchange, it said it remained in discussions with Markerstudy about the 27p a share offer that values the company at £123m. Brightside said that Markerstudy was “currently reviewing information that has been made available by [Brightside]”.
The preliminary approach to buy the broking group was originally made on 16 July.
Brightside is run by chief executive Martyn Holman (pictured).
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