Best extends Inkaso tender

WSE-listed debt collector Best extended its tender offer for 4.27 million Kredyt Inkaso shares till August 17, as it still did not secure the antitrust watchdog (UOKiK) approval for the takeover, the company said in a market filing. Back in July, Best announced a tender offer for 4.27 million shares representing a 33.01 percent stake in competitor’s Kredyt Inkaso at PLN 22 per share. It currently holds 32.99 percent in Kredyt Inkaso. The offer will go through only if at least 3.49 million shares are tendered. Best doesn’t exclude merger of the two companies if it succeeds with the offer.