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Xpediator PLC - Braintree, England-based freight management services provider - Extends the deadline for the consortium to make a firm takeover offer to March 14, as discussions remain ongoing. Notes that the deadline can be extended further.
In December, Xpediator received an indicative offer from a consortium, which includes its former chief executive Stephen Blyth and largest shareholder Cogels Investments Ltd. It offered 42 pence per Xpediator share in cash.
Current stock price: 38.60 pence
12-month change: down 34%
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