By Adriano Marchese

 

Dutch lender NIBC Bank NV said Tuesday that it has received an extension to the acceptance period for Blackstone Group Inc.'s takeover offer to Dec. 21.

The company said the process to obtain the necessary regulatory clearances is on track which both parties expect to receive before that date.

NIBC said settlement of the offer will take place still within 2020.

In mid-July, the company said that it would proceed with the amended recommended all-cash offer of 7 euros ($8.25) for each of its shares from Blackstone Group Inc., following the unconditional approval of the European Commission for the transaction.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

October 06, 2020 13:13 ET (17:13 GMT)

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