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 is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.