OFT delays Ottakar's decision until next week

<p>The Office of Fair Trading has again delayed its decision on whether to refer HMV's proposed takeover of Ottakar's to the Competition Commission. The OFT has informed the two companies that a decision can be expected"during the week commencing Monday 5th December".</p><p>In response, HMV has again extended its 440p per share offer to Ottakar's shareholders from 7th December to 1pm on 14th December. It can only continue to extend the offer at the discretion of the Takeover Panel.</p><p>The continuing delay comes after Ottakar's m.d. James Heneage's attempt to lead a management buyout of t...

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