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Trans World Gives In To Emap Offer

Trans World Gives In To Emap Offer

Despite claiming that EMAP’s offer of 181p a share does not reflect the company’s “improving performance” (see results, Newsline yesterday), Trans World Communications has recommended EMAP’s £71m bid.

Last week The Guardian Media Group, which owns 20% of TWC, failed in a High Court bid to prevent EMAP’s takeover, claiming it broke rulings restricting the number of licences that can be held by one company.

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