The board of Fieldstreet has extended the deadline for Cox shareholders to accept its offer...
The board of Fieldstreet has extended the deadline for Cox shareholders to accept its offer until 27 June.
The Neil Utley-led financial vehicle announced it had received acceptances for around 250 million shares so far, representing 80% of Cox's existing share capital.
Fieldstreet has also confirmed it has received provisional approval from the FSA, the Lloyd's franchise board and the Council of Lloyd's for the offer.
Fieldstreet will be aiming to have received 90% acceptances by 27 June, which will enable it to effectively force any remaining shareholders to sell up.