GCap Stock Plunge Attracts Takeover Interest

GCap

UK radio group GCAP MEDIA's "Less is More"-style plans to cut advertising on CAPITAL FM sent its stock price plunging, and now several private equity firms have stepped forward as possible takeover bidders.

Among the parties expected to be kicking the tires at GCAP, the company formed by the merger of CAPITAL RADIO and GWR, are AUSTRALIA's MACQUARIE BANK LTD. (in partnership with former EMAP PERFORMANCE CEO TOM SCHOONMAKER), CVC, CINVEN, 3I, and what the OBSERVER reported on SUNDAY are "several U.S. firms" that the paper did not name.

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