Media
Global Radio is expected to make a third offer for GCap that could potentially secure its takeover, according to reports.
The company run by former ITV chief Charles Allen is said to be planning a bid of between 215p and 220p per share, valuing GCap at around £360m.
Global, which is backed by private equity finance, will have to act by next Wednesday, the deadline set by the Takeover Panel for a deal to be completed.
Analysts told The Guardian that Global was keen to make the purchase and there was a good chance GCap's major shareholders would accept a decent offer.
One said: "If Global Radio offers a bit of a premium above £2 then shareholders who bought last year could save face and even make a little on what they paid. There hasn't been enough of an upside perhaps before, but 220p could clinch it."
GCap's board this morning rejected a bid of 202p per share which followed an initial 190p offer.
The company run by former ITV chief Charles Allen is said to be planning a bid of between 215p and 220p per share, valuing GCap at around £360m.
Global, which is backed by private equity finance, will have to act by next Wednesday, the deadline set by the Takeover Panel for a deal to be completed.
Analysts told The Guardian that Global was keen to make the purchase and there was a good chance GCap's major shareholders would accept a decent offer.
One said: "If Global Radio offers a bit of a premium above £2 then shareholders who bought last year could save face and even make a little on what they paid. There hasn't been enough of an upside perhaps before, but 220p could clinch it."
GCap's board this morning rejected a bid of 202p per share which followed an initial 190p offer.
TV Ratings
Big Fat Gypsy Weddings takes nearly 4mThe return of Big Fat Gypsy Weddings draws more than 4.8 million viewers.
Tube Talk
'Simpsons' ultimate countdown (15-11)The countdown of the greatest Simpsons episodes continues.
US TV Ratings
Grammy Awards most-watched since 1984The 54th Grammy Awards is seen by over 40 million viewers for the CBS network.
TV Interviews
'Upstairs Downstairs' Neil Jackson Q&ANeil Jackson chats to Digital Spy about Upstairs Downstairs series two.
