IN BRIEF: DCC announces further deadline extension for bid consortium

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DCC PLC - Dublin-based provider of sales, marketing and distribution services to the energy sector - Announces that the consortium of Energy Capital Partners LLC and Kohlberg Kravis Roberts & Co LP, which presented its latest takeover proposal on June 10, now has until 1700 BST on July 15 to either announce a firm intention to make an offer for DCC, or announce that it does not intend to make an offer. DCC says the consortium has materially completed its confirmatory due diligence, but has requested the extension to allow for the finalisation of definitive transaction documentation.

The consortium's revised proposal offers 6,672.22 pence in cash per DCC share, comprising 6,525.00p in cash and the proposed final dividend of 147.22p per DCC share for the year ended March 31, valuing the firm at around £5.75 billion. The put-up-or-shut-up deadline was previously extended to Wednesday, July 8.

Current stock price: 6,200.00 pence

12-month change: up 30%

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