UK Again Stretches Carlyle Deadline For Chemring Bid

Law360, New York (October 12, 2012, 12:42 PM EDT) -- Private equity titan The Carlyle Group LP will have an extra few weeks to work out terms for a buyout of struggling military contractor Chemring Group PLC after the U.K.'s takeover regulator again extended the firm's deadline to lodge a bid, Chemring said Friday.

Carlyle will now have until Nov. 9 to firm up a deal, stretching the negotiation window for the second time since the firm first approached Chemring in August. Last month, the Takeover Panel pushed the bid deadline to the end of business...
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