PPR has announced an extension of its tender offer to acquire Volcom until June 16, in order to allow more time to obtain the necessary foreign anti-trust approvals. The French company said that it had already received commitments for 8,868,132 Volcom shares as of June 7 at 4 PM New York time in response to its May 11 offer at $24.50 a share, which was conditional on obtaining a majority of the shares. A total of 24.4 million Volcom shares are outstanding.

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