Fincantieri's extended deadline for its takeover offer for Singapore-listed Vard Holdings failed to generate more shareholders to tender their stakes.
The Italian shipbuilder said in a regulatory filing that some 823.4 million Vard shares had been tendered to Fincantieri by its 10 March deadline. That number represents 69.78% of Vard shares.
Fincantieri extended the deadline for its offer from mid-February after receiving only 821.6
