Colorado takeover deadline extended
The deadline for shareholders in clothing and shoe retailer Colorado Group Ltd to accept a takeover offer from Affinity Equity Partners has been extended to October 18.
Previously shareholders in Colorado, which owns Diana Ferrari and JAG, had until Friday to accept the $4.70 cash per share bid, made by Affinity's privately-owned Australian operations ARH Investments.
Affinity currently holds about 72 per cent of Colorado.
Colorado shares closed Friday's trade down four cents at $4.19.
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