Global Radio has been given another extension to make a final bid for GCap Media. This time a shorter, 24 hour period is all the group will be given before they must put up or shut up. GCap staff now have another day of waiting to hear about the future of their employer.
The deadline now stands at 5:00pm on 1 April 2008. No extension to the revised deadline will be granted, except with the consent of the Panel Executive, GCap said in a statement.
If no deal is done by then, no further offers can be made for a period of six months.