Steadfast has extended an exclusivity period for the Amwins-Dragoneer consortium to undertake due diligence on their takeover bid.

The move comes after the consortium reconfirmed its intention to acquire the broking network for $6 a share, Steadfast told the Australian Securities Exchange this morning.

Steadfast notes there is no guarantee a binding agreement will be reached.

Under the proposal, Dragoneer would take over Steadfast’s retail brokerage business and Amwins its underwriting agencies.

When the bid was announced on June 10, Steadfast gave the consortium an exclusivity period for due diligence, but the partners had to reconfirm their intention to buy if they wanted to retain it.