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 presents the Market Outlook and company news. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as a journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.