Pressure rises for F&N with TCC's offer extension

Decision time is until 2 January.

According to an SGX announcement, TCC gave extra time to F&N to mull over accepting the former's offer of S$8.88 per share.

Here's what a portion of the announcement said:

The Financial Advisers wish to announce, for and on behalf of the Offeror, that the closing date of the F&N Offer has been extended to 5.30 p.m. (Singapore time) on 2 January 2013, or such later date(s) as may be announced by or on behalf of the Offeror.

Accordingly, the F&N Offer shall close at 5.30 p.m. (Singapore time) on 2 January 2013, or such later date(s) as may be announced by or on behalf of the Offeror (the "Extended Closing Date").

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