Global meets GCap for talks
Global Radio has issued a statement to clarify their position with regards to them making an offer for GCap Media. Press speculation yesterday suggested the LBC owner has no intention of increasing their 190p per share offer, but this, Global say, is not true.
Global Radio has agreed to meet with a number of GCap Media's shareholders over the course of the next few days and will decide whether and how to proceed thereafter, the statement said.
And whilst they retain the right to make an offer, they would like to point out that there can be no certainty that they will do so.