Daisy takeover deadline delayed yet again

Matt Riley and investors asked for another fortnight to "consider and finalise" their plans

Daisy chief executive Matt Riley and an investor duo have been given even more time to finalise their plans to potentially take over the firm.

In the summer, a stock exchange announcement revealed that Riley (pictured), along with investors Toscafund and Pental Capital, were weighing up a 190p-a-share offer for the comms VAR.

But since then, the trio has been given two further extensions to mull over its plans.

In an announcement today, Daisy said the threesome now have until no later than 5pm on 20 October to firmly decide if they want to put a bid in or not.

The delay will allow the consortium to "consider and finalise certain aspects of its proposal", the statement said.