GraceKennedy has extended its cash offer to purchase more than 313 million shares in Key Insurance Company.
The offer, which opened on January 27 was scheduled to close on February 17 – and has now been changed to March 2.
GraceKennedy noted that the Directors’ Circular has not been circulated to the shareholders in response to its Takeover Bid Circular.
As a result, the board of  GraceKennedy has decided to extend the offer period to ensure that the shareholders have the opportunity to receive all the information necessary to make an informed decision.