Nikko has today announced its intention to work towards establishing a takeover bid with Goshawk.
The UK Takeover Panel told the company it had until midday on 23 November to make its intentions clear on whether it wants to buy Goshawk yesterday.
Nikko said it welcomed the decision to establish a timetable. It said it had always intended to work constructively with the Goshawk Board to come up
with an acceptable offer.
The company said it was very serious in its efforts to make a bid for Goshawk, but it would only be possible if the Goshawk Board entered into constructive discussions with Nikko and its advisers give it access to the information required by Nikko to complete its due diligence exercise.
Nikko said it would be seeking to meet with certain Goshawk shareholders to ascertain support for its approach.
