Extra time for Goals takeover approach

The private equity arm of the Ontario Teachers’ Pension Plan (OTPP) has been given a further two weeks to mull a potential takeover bid for East Kilbride-based five-a-side football pitch operator Goals Soccer Centres.

The initial deadline for the massive Canadian pension fund to submit a bid or walk away would have passed at 5pm today.

Goals revealed on 2 April that it had received an initial approach from the OTPP, which has about £67 billion in assets.

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The Scottish firm said today: “The company remains in offer discussions with the OTPP, which is currently reviewing information that has been made available to it – subject to strict terms of confidentiality – by the company.

“The anticipated timetable for the completion of these discussions is consistent with the extended deadline.”

Analysts have suggested that Goals could be worth around £75 million.

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