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Deadline extended for Growthpoint's possible offer for Capital & Regional

The U.K.'s Panel on Takeovers and Mergers has extended the deadline for Growthpoint Properties Ltd. to announce a firm intention to make an offer for Capital & Regional PLC to Oct. 18 from Oct. 9.

The board of the retail real estate investment trust requested the extension to allow further discussions on a potential capital injection and sale of a majority stake in the company to South Africa-based Growthpoint.