Merger talks between farmers group and batus...
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Merger talks between Farmers Group and Batus Inc. are scheduled to continue today, with both sides holding to a “no-comment” agreement against Batus’ 6 p.m. deadline for consummating a
$72-a-share buyout worth about $5 billion--a deadline that analysts observed could easily be postponed. Meanwhile, from Batus’ base in Louisville, Ky., the company said it had extended until
next Wednesday its earlier and hostile $63-a-share tender offer originally made March 3. So far, Batus said, 16.3 million of Farmers’ 68.4 million shares outstanding have been tendered for
sale. MORE TO READ