What's the hold up at troubled womenswear retailer Noni B?
Private equity player Alceon has extended its takeover offer period to November 21.
Alceon has urged remaining shareholders to accept its takeover offer for the retailer.
The offer period for Alceon’s off market $16.4 million bid closed on Friday.
The company holds 76 per cent of Noni B shares and has urged all remaining Noni B shareholders to accept its bid.
Noni B recently appointed former Bras N Things head Scott Evans as its new CEO.
The embattled retailer clocked a $2.1 million loss in 2013/14, with sales falling 7.7 per cent.