Talleys extends 39c-a-share offer for Affco to May 15

Fishing company Talleys has extended its 39c-a-share offer for meat company Affco as it is still needs about 3.5 per cent to reach 50.01 per cent

Affco, meanwhile, advised shareholders to defer a decision on acceptance until new information came to light.

Talleys director Andrew Talley said on Thursday it was the last day his company was able to extend the offer, which had been due to close April 27 but will now close May 15.

"Today we aren't at 50.01 per cent so it doesn't leave much option."

The company still needed acceptances totalling just under 3.5 per cent to reach its goal, Talley said. Last month Talleys said it wanted to lift its stake from 40 per cent stake to 50.01 per cent.

A Deloitte report and directors' comments have been seen as sending mixed signals to small shareholders about the merits of the offer.

But Talley said the extension was not related to a separate announcement by Affco.

Hamilton-based Affco said it intended to bring forward release of its half-year financial results to before the end of April.

It expected to disclose the results to NZX by Wednesday, and would send information to shareholders shortly after. Shareholders were advised to wait until they had the new information.