General Dynamics extends Alvis takeover offer

Newswire

LONDON, May 14 (Reuters) - General Dynamics Corp has extended its 309 million-pound ($541 million) takeover of UK armoured vehicle maker Alvis Plc until May 27 after receiving a third of the shareholder backing needed so far.

General Dynamics has acceptances representing about 17.35 percent of the issued shares in Alvis, a third of the 51 percent needed, it said in a statement on Friday.

The U.S. company has targeted European military vehicle makers in a drive that has ...

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