WASTE management firm
The extension came as the firm announced its full year results, revealing that revenues had jumped 39 per cent to £1.44bn on the previous year when its operations were hit by the pandemic, with pretax losses narrowed to £28.6m, down from £52.8m last year.
But bosses said they had set aside £20m as the firm braces for the impact of an enquiry by HMRC over whether it complied with landfill tax requirements, which had previously proved a hiccup in the takeover swoop by US private equity outfit
The firm said it had now pushed back a deadline for a takeover bid to 30 August, after indicating it was "minded to recommend" a takeover bid of 445p per share in cash to shareholders last month.
(c) 2022 City A.M., source