help me make this long sentence more understandable.

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00<< Their policy requried that they decide whether the negotiation is reached by at 7 AM. But It is rumored in the afternoon that they changed their early policy and required us to extend the negotiation for two more days. This happening was denied by us."02br
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00This is what I made. but it's too complex to be understood, I think.02br
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00This sentence means that,02br
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001) their policy required that they decide whether the negotiation is reached or not by 7 AM, 02br
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002) but the rumor was spread in the afternoon, that they changed their early policy and requried us to extend the negotiation for two more days02br
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00(That is, that they changed their early policy and requried us to extend the negotiation was just a rumor)02br
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003) so we had to deny this rumor.02br
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004) it was just a happening.02br
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00I can't arrange these meanings in one or two sentences.02br
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00help me.02br
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