October 8, 2018 / 3:46 PM / 7 months ago

RPC extends deadline for rival suitors Apollo and Bain to make bids

LONDON, Oct 8 (Reuters) - Plastic packaging maker RPC Group said on Monday that it had given the two private equity firms that are considering rival takeover offers more time to make bids.

The London-listed company said in a statement that talks with both Apollo Global Management and Bain Capital were ongoing and that the competing suitors now had until Nov. 5 to make firm offers or walk away from RPC.

The pair had faced a deadline of 5 p.m. London time (1600 GMT) on Monday to declare their intentions towards RPC under Britain’s rules.

Reporting by Ben Martin; Editing by Adrian Croft

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