Chemring extends Carlyle bid deadline

Defence firm Chemring this morning announced an extension of the deadline for private equity firm Carlyle to make an offer for the British company.

Chemring said today that the takeover panel had extended the deadline until 12 October “to enable the parties to continue their on-going discussions regarding a
possible offer for the Company”.

It stressed that there was no certainty that an offer may be made.

In August, US private equity firm said it had received an offer of interest from Carlyle, sending its shares soaring.

Chemring shares were 4.89 per cent up in early trading.