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Securitas extends time frame for offer

July 7, 2011Martha Entwistle

STOCKHOLM, Sweden—Securitas has extended the time frame for its offer to buy Niscayah from July 18 to August 12, but—despite rumors to the contrary—it will not raise its $907 million bid, Gisela Lindstrand, senior vice president corporate communications and public affairs told Security Systems News on July 6. “When we set the first date we did not know how long the [European Commission anti-monopoly approval] filing would take,” she said. Securitas learned that the EC...

Gisela Lindstrand, Gustaf Douglas, Melker Schorling, Niscayah, Securitas, Stanley Black & Decker