By Anthony O. Goriainoff
Smoove said that the U.K.'s Panel on Takeovers and Mergers has agreed to an extension of the deadline by which PEXA Group has to announce if it intends or not to make an offer for the company to Oct. 6.
The London-listed real-estate platform provider said Friday that its constructive discussions with PEXA have continued and that it has been advised that the company has substantially completed due diligence.
Smoove added that the new deadline can be further extended by the board with the consent of the Takeover Panel.
"There can be no certainty either that an offer will be made nor as to the terms of any offer, if made," the company said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
