Liberty extends offer

Australian lender Liberty Financial has extended its stand in the market for Mike Pero Mortgages (MPM) for a second time.

The stand in the market is now set to close at 5pm today.

Liberty launched the stand on Friday and originally planned to close it on Monday.

The company is trying to gain another 5.6 per cent in MPM through its $1.07 a share offer, which would take its stake to 19.9 per cent.