Fletcher Building has extended its takeover offer for Crane Group by another two weeks.
Fletcher Building is offering a cash and stock deal worth $A10.07 a share for the Australian building and plumbing supplies company valuing the firm at almost $A800 million.
Fletchers has acceptances giving it almost 43% of the firm and has received all the necessary regulatory approvals. It needs 90% for the takeover to go ahead.
The offer now closes on 25 March.
Meanwhile, Fletcher Building will be included in Australia's S&P and ASX 200 and 300 indexes later this month, which will mean more fund managers can invest in its stock.
