GCap extends Global deadline
As previously speculated, the Takeover Panel has offered Global Radio an extension to make a firm offer for GCap Media. The extension request has been made by GCap, in the hope that Global can announce a final bid for the company. The deadline has been extended to 5pm on Monday 31st March 2008.
Negotiations regarding a possible recommended offer on the terms described in Global’s announcement dated 4th March2008 are progressing and a further announcement will be made in due course, and no later than 5.00pm on 31st March 2008.