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Another extension for Pochin’s takeover talks

23 May 14 The long-running saga of a potential family buy-back at Pochin’s is set to rumble into another month.

Descendants of the founder Cedric Pochin, fronted by the company’s property development director Jim Nicholson, grandson of Cedric, made an initial approach to the board in December last year with a proposal to buy out the publicly listed company.

Under stock exchange rules, these approaches have to be made public and the potential bidder has a month to make a firm offer or walk away.

With discussions still continuing, the Takeover Panel has approved a further month’s extension.

The new deadline either to announce a firm intention to make an offer for the company or announce that it does not intend to make an offer is 5pm on 23rd June 2014.

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