Mespila extends Paged tender offer

Mespila Investments Limited, the main shareholder of the WSE-listed of plywood producer Paged, has extended its tender offer for all of Paged shares in freefloat till September 15, the company said in a market filing. Mespila wants to buy 5.44 million of Paged shares at PLN 57.63 apiece. The stake represents a 35.1 percent of the company. The offer will go through, if at least 3.89 million shares are tendered, so Mespila could control 90 percent of Paged and delist it. This is the second extension, as the tender was originally supposed to end on August 26.