01/07/2008 10:58. TORONTO - Jaguar Financial Inc. (TSX: JFI) has extended the expiry date of its offer to acquire about half the outstanding shares of Telehop Communications Inc. as it tries to gain control of the operator of cut-price phone services.

Jaguar is formally offering 50 cents a share for more than 6.6 million shares up to 5:00 p.m. July 31, 2008, the merchant bank announced in a release Monday. The offer was to expire on July 2.

In mid-June, Telehop announced that it had received a new takeover proposal from an unnamed "arms length strategic industry participant" offering 80 cents per share or $10.9 million for the telecom company. No details have been... // CKTB

Total: 6 news articles
First News Article: Canada NewsWire, 01/07/2008 07:33