Financial Times FT.com

GCap spurns higher offer from Global Radio

By Ben Fenton, Media Correspondent

Published: February 29 2008 09:05 | Last updated: February 29 2008 20:20

Leading shareholders in GCap Media have supported the company’s round rebuff to rivals Global Radio.

The privately held company raised an informal offer of 190p made last January to 202p, valuing GCap at £333m.

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