Cork-based supermarket group Musgraves said today the recommended offer for Budgens PLC has been extended to July 30th.
The offer is being made by Hawkpoint Partners and AIB Corporate Finance on behalf of Musgrave Investments, the group's wholly owned subsidiary.
As at 3 p.m. yesterday, the first closing date of the offer, Musgrave Investments owned or had received valid acceptances in respect of 140,389,102 Budgens shares, representing approximately 81.4 per cent of the company.
