ARM buyout bids deadline extended to mid-March

A worker at an ARM Cement plant. FILE PHOTO | NMG

Administrators of troubled ARM Cement have extended the deadline for submission of final buyout bids to mid this month following requests by potential acquirers.

PricewaterhouseCoopers (PwC), which took over management of the cement manufacturer in August last year, had initially set Thursday last week as the deadline for the final bids.

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