Hallwood ups their TLRC offer
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Hallwood ups their TLRC offer

Hallwood has revised their cash offer for the remaining shares in The Local Radio Company. Working on the basis of 3.5 pence per share, they estimate TLR’s worth at roughly £2,520,056.

It follows news that UKRD has recently revised its offer for TLRC. Hallwood currently owns approximately 28.26 per cent of the existing issued share capital of the company.

The Revised Offer is conditional upon Hallwood receiving minimum acceptances from not less than 90 per cent in nominal value of the TLR Shares.

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0 0 465 30 April, 2009 Industry News 1:09 pm 20094 Thursday, April 30th, 2009

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