Extra fortnight for Wyndeham

The deadline for Icelandic firm Dagsbrn to acquire 90% of Wyndehams shares has been extended to 8 May.

The first closing date for the offer ended on 18 April with Dagsbrn having acquired 77% of Wyndeham's existing issued share capital.

The company has yet to acquire the remaining 855,000 shares. It now has a further 14 days to make the purchase.

Dagsbrn made a recommended cash offer for Wyndeham through its subsidiary Daybreak Acquisitions on 24 March.