Agostini Ltd has once again postponed the closing date for its acquisition bid of Prestige Holdings Ltd, the local operator of prominent franchises including KFC, TGI Fridays, Subway, and Starbucks. This marks the fourth extension, with the new deadline now set for November 18. The announcement was made public on October 21 through a notice in local newspapers and on the Trinidad and Tobago Stock Exchange website. According to the notice, the delay is intended to allow for the completion of all necessary regulatory approvals, particularly the merger application submitted to the TT Fair Trade Commission. The initial share-swap proposal, introduced in June, offered one Agostini share for every 4.8 Prestige Holdings shares. Agostini has committed to purchasing all deposited shares within the timeframe mandated by securities law. The original closing date was July 20, with subsequent extensions pushing the deadline to August 5, September 5, and October 21. Agostini CEO Barry Davis previously cited delays in the share-swap process, attributing them to issues such as misplaced share certificates and the passing of some shareholders. Despite these challenges, Agostini confirmed on September 10 that it had secured the minimum shareholding required to proceed with the takeover.