Media Business set for take-over talks

- The Media Business Group has admitted that a statement about a possible take-over bid is likely to be made soon. It is known to have been in talks with Grey Advertising for some time.

- The Media Business Group has admitted that a statement about a possible take-over bid is likely to be made soon. It is known to have been in talks with Grey Advertising for some time.

The admission came as TMBG announced pre-tax profits up 35 per cent to £2.1 million for the year to April, on a turnover of £171 million, up from £134 million last year.

However, after rising yesterday 13.5p to 119p yesterday, the company's share price fell 7p this morning to 112p. The Media Business was not available for comment.







Topics

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus