UAL mandatory offer extended till May 4

Financial Times

UAL mandatory offer extended till May 4

John Keells Holdings PLC (JKH) said this week it has decided to extend the acceptance period for mandatory offer for Union Assurance shares till May 4.

The company said that due to the public holidays during the month of April 2009, shareholders may not have had sufficient time to become ‘acquainted with and evaluate the offer made by JKH along with the Independent Advisor’s Report and the views, comments and advice of the Board of Directors of Union Assurance PLC.’

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