Pioneers Holding gets 30-day MTO extension from FRA

M&A WATCH- Pioneers Holding gets 30-day MTO extension from FRA: The Financial Regulatory Authority (FRA) has approved a request by Pioneers Holding to extend its mandatory tender offer (MTO) submission deadline by 30 days to give it time to hire a new financial advisor, the regulator said in a bourse disclosure (pdf). The advisor would conduct the fair value assessment on the company’s MTO for five of its subsidiaries, replacing Fincorp, which the FRA suspended last week for three months.