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Riley Has Deadline Extended on Daisy Deal

matthew riley

Business telecoms firm Daisy Group has agreed a second extension to the deadline for a consortium of investors to make a takeover bid.

The consortium, which is being led by Toscafund Asset Management on behalf of Penta Capital and chief executive Matthew Riley (pictured), now has until 5:00pm October 20th to make their intentions clear.

The consortium made a preliminary approach for a potential offer for Daisy group in August. The deadline was originally September 10, however this was extended to October 6. The initial deadline was extended to ensure due diligence was completed on a potential deal.