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 bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.