Impellam Group plc, the UK-based staffing giant, announced that the directors of Impellam have requested, and the Panel on Takeovers and Mergers has consented to, a further extension to the deadline for staffing provider HeadFirst Global to make an offer to buy the firm, until 5:00 p.m. (London time) on Oct. 11. Talks have previously been extended several times.

Impellam first announced the potential acquisition by HeadFirst this summer, which followed several changes at the company.

In April 2022, majority shareholder Lord Michael Ashcroft said he would sell his stake in the company. Following that, Impellam last year sold its Corestaff light industrial brand to Swipejobs Inc. in a $19 million deal. This year, Impellam announced the sale of its healthcare and specialist staffing businesses to Twenty20 Capital in a $102.2 million deal.

The deadline for HeadFirst to make an offer has received a number of previous extensions.

The deadline can be further extended by the board with the consent of the panel in accordance with Rule 2.6(c) of the Code. Any consent for a further extension of the deadline will only be requested by the board with the approval of the company's majority shareholder.