Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,625.78
    -1,745.51 (-3.47%)
     

  • CMC Crypto 200

    1,261.22
    -96.79 (-7.13%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

Dixons, Carphone merger talks deadline extended to May 19

Reuters - UK Focus

LONDON, March 24 (Reuters) - Britain's Takeover Panel has granted Dixons Retail (Other OTC: DSITF - news) and Carphone Warehouse (LSE: CPW.L - news) an eight week extension to their negotiations for a possible merger.

The retailers did have a deadline of 1700 GMT on Monday to confirm whether they intended to press ahead with a deal. However, the Takeover Panel said the deadline had now been extended to May 19.

Dixons and Carphone announced they were in merger talks on Feb. 24.

A combination of Dixons, Europe's No. 2 electricals retailer, and Carphone, Europe's largest independent mobile-phone retailer, would create a group with about 2,900 stores across the continent which would probably find a place in Britain's FTSE 100 index of leading companies.

"Since the announcement of Feb. 24 was made when discussions were at a very preliminary stage, both parties have agreed that they require more time to evaluate a potential merger of the two businesses," the two companies said on Monday. (Reporting by James Davey; editing by Kate Holton)