Perriss recommends offer, again
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Perriss recommends offer, again

John Perriss, an Independent Non-Executive Director of The Local Radio Company, is advising shareholders to take Hallwood's latest offer.

In a Regulatory Announcement on Tuesday afternoon, Perriss said: "The Revised Offer provides certainty of value to TLR Shareholders through a cash offer, at a time of equity market and macroeconomic instability.

Hallwood has [link=]offered[/link] 3.5 pence per share upon condition that they gain acceptances from not less than 90 per cent of shares.

Previously, UKRD [link=]offered[/link] 3.25 pence per share.

Mr Perriss himself continues to review all funding options and has yet to accept either offer of funding.

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 0 338 05 May, 2009 Industry News 5:15 pm 20095 Tuesday, May 5th, 2009

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