Classdrive given deadline for Condor bid

12th May 2009 17:30

Classdrive has been given until 5pm on 3 June to either make an offer for miner Condor Resources or walk away.The ruling by the Takeover Panel will bring to an end months of speculation about whether a deal for the group, focused on gold and silver in Central America, will materialise or not.First overtures were made by Classdrive in March when its advisers Atlantic Law sent Condor an unsolicited letter saying the group was mulling an offer.The company repeated its statement a month later.