The first closing date of the offer ended on 18 April with Dagsbrn having acquired 77% of Wyndeham's existing issued share capital. But the company has yet to acquire the remaining 855,000 shares. It is now being extended for a further 14 days.
According to Wyndeham chief operating officer Roy Kingston, it would "take a while for the acquirer to get all the shares" but "steady progress" was being made.
Dagsbrn made a recommended cash offer for Wyndeham through its subsidiary Daybreak Acquisitions on 24 March.
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