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PRESS DIGEST - British business - March 5 =7

Tue Mar 4, 2008 11:03pm EST

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GCap's GCAP.L board was on Tuesday night in discussions over whether to accept Global Radio's increased 371 million pounds offer. GCap shareholders Schroders (SDRt.L)(SDR.L) and Standard Life (SL.L) both want to see the groups hold talks. David Cumming, head of UK equities at Standard Life Investments, commented: "Due to the increased offer, we believe that it's appropriate GCap engage with Global Radio with a view to accepting the revised bid terms." Investec Securities' Steve Liechti described Global Radio's 225 pence-a-share offer as "very punchy and attractive," while Ingenious Securities said in a note that it was "a full and arguably fair final offer."

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