Agence France-PresseFebruary 6, 2014 08:16
German chemicals and pharmaceuticals group Merck KGaA said on Thursday it was extending its offer to take over British group AZ Electronic Materials until February 18.
The group has already extended the cash offer -- of 403.5 pence (4.85 euros, $6.57) per share -- once before until Wednesday, by which time Merck had amassed a stake of 56.48 percent in the British firm.
Merck said the minimum acceptance level, however, is 95 percent.
The friendly takeover bid values AZ Electronic at a total 1.9 billion euros, including the assumption of 238 million euros of debt.