The Week: City News - CIG given bid ultimatum

City regulators have given the Critical Information Group, the media acquisitions company that has Peter Bazalgette as a director, until 7 December to table an offer for the publishing house Centaur.

CIG, which last week revealed that Centaur had rejected a takeover approach, was issued with a so-called "put up or shut up" notice to force it to make a firm bid.