P.M. BRIEFING : Vitro Extends Anchor Glass Offer
<i> From Times wire service</i> s
NEW YORK —
Vitro S.A. of Mexico said today it is extending until next Thursday the expiration of its $280-million, $20-a-share, cash tender offer for Anchor Glass Container Corp., which has resisted the bid.
Last month, the board of Tampa, Fla.-based Anchor Glass concluded Vitro’s offer was inadequate and adopted a “poison-pill” anti-takeover plan. The matter is now before a Chancery Court in Delaware, where Anchor Glass is incorporated.
