The UK’s takeover panel has given Waterfall Asset Management 28 extra days to decide whether it wishes to table an offer for Pollen Street Secured Lending (PSSL), the investment company confirmed.
PSSL told shareholders on Tuesday (24 March) that Waterfall now had until 5pm on 21 April to submit an offer after the Panel on Takeovers and Mergers extended the previous deadline, which ended today. The board said it had not been able to provide the due diligence information requested by Waterfall, "although some progress has been made in this regard and this continues to be a key focus for the board". Pollen Street Capital calls for PSSL strategic review In a separate statement, Waterfall said it remained committed to pursuing a possible offer, "despite the current highly uncert...
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