Asahi extends closing date for Charlie's bid

Japanese-based Asahi has extended the closing date of its 44c per share cash offer for all the shares in beverage company Charlie's Group by 14 days to midnight on September 2.

The offer is subject to Asahi getting a stake of at least 90 percent of the shares in Charlie's, and by yesterday it had reached 75.19 percent.

Today Asahi said it was extending the offer period to allow remaining shareholders to accept the offer. Under the Takeovers Code, it had to give the shareholders of Charlie's 14 days notice before extending the offer period.

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