Spire Healthcare has extended the deadline for Toscafund to formalise its £1 billion takeover bid, marking the fourth such extension in the protracted courtship.
The FTSE 250-listed private hospital operator announced the move on Friday, granting the hedge fund additional time to finalise the terms of the proposed acquisition.
Investors have been left in limbo as the parties work through the final details of the £1 billion offer.
The latest extension follows a series of previous delays, with the decision date previously pushed from July 9 to August 6.
The repeated postponements highlight the complexity of the negotiations and the ongoing uncertainty surrounding the deal's completion.
Investors have been left in limbo as the parties work through the final details of the £1 billion offer.
This development comes as the broader market continues to show resilience, with the Stockholm Stock Exchange extending its record-breaking rally earlier in the week.