US computer products and technology services company Avnet has extended the date for Horizon shareholders to accept its takeover offer.
The deal has been agreed to by almost 81% of Horizon shareholders and the deadline has been extended to June 30.
Last month the board of the IT company agreed to back the takeover offer from US based Avnet. Under the proposed deal, Horizon shareholders will receive €1.18 in cash per share, valuing the company at €101.3m.
Horizon distributes IT products in Ireland and the UK, mainly for business customers.
