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Acceptance deadline for Aldeasa bids extendedAcceptance deadline for Aldeasa bids extended
17-Feb-2005
Spanish regulator gives Aldeasa until March 17 to accept the Dufry Group and Gestion de Explotaciones Aeroportuarias takeover bids
Spanish market regulator CNMV has extended the acceptance period for Dufry Group's and the Gestion de Explotaciones Aeroportuarias consortium's bids for Spanish travel retailer Aldeasa. The acceptance period, which was due to close today, will now run until March 17.
Earlier this week the regulator approved Dufry Group's Eu31 ($40.3) per share offer. Another offer, from Italian conglomerate Autogrill, is being investigated by the European Commission over competition concerns.
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(14-Feb-2005) - The Spanish stock market regulator has authorised the bid by Dufry Group while the market awaits a decision on Autogrill's higher bid
(27-Jan-2005) - After a lengthy board meeting, the company's directors today rejected the Eu29 ($37.66) bid from the Gestion de Explotaciones Aeroportuarias consortium
(22-Feb-2005) - The Spanish operator rejects the bid from its Swiss rival as "financially inadequate"
(18-Apr-2005) - Autogrill and Altadis joint-venture to take control of Aldeasa after overwhelming acceptance from Aldeasa shareholders
(11-Mar-2005) - Spanish market regulator CNMV approves the third bid for the Spanish retailer