U.S. engineering company Valmont Industries Inc. (VMI) said Tuesday it has received backing for its takeover offer of U.K. firm Delta PLC (DLTA.LN) from around 48% of shareholders.

The board of Delta, which makes road safety barriers, has backed the 185 pence a share offer from Valmont, which values Delta at GBP284.5 million.

On the first closing date of the offer Monday, Valmont said it had received valid acceptances from Delta shareholders in respect to around 48% of Delta's share capital.

The offer is being extended until April 28.

Company Web site: www.deltaplc.com

-By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; rachael.gormley@dowjones.com
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