Holders are reluctant to tender their shares in response to a tender offer until the bidder can show that it has the necessary finance in place to complete the deal, and so Ask Computer Systems Inc’s offer for Ingres Corp has so far received acceptances with respect of only 38% of the shares: the company has extended the offer, which was due to expire today, to next Friday, October 19, while it strives to win a definitive bank financing pact.
