Seymour Whyte extends exclusivity period with VINCI

Company News

by Jessica Amir

Seymour Whyte Limited (ASX:SWL) has extended VINCI Construction International Network’s exclusivity period, as VINCI looks to progress its purchase of the company.

VINCI is seeking to progress the potential 100 per cent control transaction on key commercial terms, agreed with Seymour Whyte.

VINCI says it requested the extension to agree on a binding scheme implementation agreement, that included internal approval from Seymour Whyte.

Seymour Whyte’ Board says VINCI’s continuation of exclusive negotiations is in the best interest of shareholders.

Shares in Seymour Whyte Limited (ASX:SWL) last traded flat at $1.20.

 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.