Philippines based food and drink company San Miguel has today (Thursday) extended the deadline for its offer for National Foods to 15 April. The previous deadline was 18 March.

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San Miguel has offered A$5.90 (US$4.66) a share for National Foods. New Zealand dairy giant Fonterra last week revised its offer to $6.00 per share and said it would pay $6.20 per share if it acquires 90% or more of National Foods.

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