PushPay Holdings (ASX:PPH) extends time for takeover bid

Pushpay Holdings (ASX:PPH) has extended the Scheme Implementation Agreement (SIA) with Pegasus Bidco (the 'Bidder') to allow more time for the Bidder to explore potential alternative proposals.

The resolution to approve the scheme of arrangement involving the acquisition of PushPay's shares for NZ$1.34 in cash per share was not passed by shareholders at a meeting on March 3. 

PushPay says the extension allows the parties to terminate the SIA on March 13 if no agreement is reached on holding another Scheme Meeting.

PushPay provides donor management, finance, and custom community app solutions to the faith sector, non-profit organisations, and education providers.