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TalkTalk extends Toscafund offer deadline to Dec. 3

FILE PHOTO: A woman speaks on her phone as she passes a branded logo outside the Talktalk headquarters in London
FILE PHOTO: A woman speaks on her phone as she passes a branded logo outside the Talktalk headquarters in London

LONDON (Reuters) - British broadband company TalkTalk <TALK.L> said it had extended the deadline for its major shareholder Toscafund Asset Management to make a firm offer for the company until December 3 to allow commercial discussions and due diligence to continue.

Toscafund proposed a 97-pence-a-share cash offer for TalkTalk in October. Thursday was the original deadline for it to either make a firm offer or walk away.

(Reporting by Paul Sandle; editing by Sarah Young)