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.

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.