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Sandon Capital extends takeover offer period for Mercantile Investment

Sandon Capital Investments Ltd. extended the takeover offer period for all the ordinary shares in Mercantile Investment Co. Ltd. by one week to Sept. 9 to give New Zealand resident shareholders more time to return their acceptance forms.

Sandon is offering 0.2043 of its own shares for every Mercantile share that it does not already own. Sandon said Aug. 23 it had received acceptance to its takeover offer that resulted in a voting power of 56.75% of Mercantile.