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Article: Ottakar's takeover offer extended for the third time by HMV.(HMV Group Plc)(Brief Article)
- Article from:
- M2 Best Books
- Article date:
- December 5, 2005
CopyrightCOPYRIGHT 2005 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 BEST BOOKS-(C)2000-2005 M2 COMMUNICATIONS LTD
UK-based retail group HMV Group Plc (LSE:HMV), which owns the chain of HMV music stores and the Waterstone's bookshops, has revealed that it has extended the offer period for its proposed takeover of bookseller Ottakar's by one week.
According to AFX News, the extension was offered by HMV after the UK's Office of Fair Trading (OFT) said it would need more time to decide whether to refer the deal to the UK's competition authority.
HMV has offered GBP4.40 per share or a total of ...