Standard Life extends share offer period for Focus

After acceptances for almost 83% of the shares were received by 31 December, the offer deadline has now been extended to 14 January. Standard Life agreed the £42m takeover of the software provider last month. At the time, David Nish, CEO of Standard Life, said: "Consistent with our previous acquisitions of Vebnet and threesixty, the acquisition of Focus therefore provides further capability in providing support, technology and innovation to our core markets and customers." The deal for Focus Solutions is at a 33.3% premium to the tech provider's share price on 8 November, when it c...