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The UKRD Group had made a cash offer for the troubled Local Radio Company in light of the latter’s announcement that it needed an injection of funds to keep trading beyond April 2009.
UKRD has urged TLRC’s shareholders to accept the offer without delay to enable TLRC to continue as an ongoing concern. The shareholders must have made their decision by lunchtime on 21 April.
A [link=https://radiotoday.co.uk/news.php?extend.4558.2]bid [/link]was made by UKRD to buy the group on March 29th for 2p per share.
Stay with RadioToday.co.uk for this continuing story.
