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Select's offerors extend unconditional offer to July 19

THE consortium that has taken over restaurant operator Select Group has extended its unconditional general offer until the business close of July 19.

The consortium, led by investment firm Dymon Asia Private Equity and including Select's co-founders, is offering 52.5 Singapore cents per share for shares of Select that it does not already own.

The offeror already owns or has received commitments for shares that represent about 98.56 per cent of Select's shares. The consortium plans to delist the company.