Talks Over Bid for Gcap

Summary


GLOBAL Radio chairman Charles Allen and chief executive Ashley Tabor will soon meet shareholders in GCap Media to discuss their Pounds 300 million offer for the company.

The 190p-a-share bid was a premium of 50 per cent over GCap's then share price but was rejected by the GCap board, led by chairman Richard Eyre, before Christmas without being put to shareholders, which include DMGT, publisher of The Mail on Sunday, with a 14 per cent stake.

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Talks Over Bid for Gcap

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