|
|
Article: [pounds sterling]1.5bn handout on cards in ITV battle.
- Article from:
- The Evening Standard (London, England)
- Article date:
- March 27, 2006
CopyrightCOPYRIGHT 2006 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: NICK GOODWAY
ITV's future could be decided in the coming week as the bidding consortium struggles to come up with a full cash alternative and the commercial broadcaster reveals how it could return up to [pounds sterling]1.5 billion to shareholders.
The Apax, Goldman Sachs and Blackstone consortium, which plans to install former BBC Director General Greg Dyke as chief executive of ITV, has admitted that it will walk away if it does not get a board recommendation.
It is also working frantically on revising its bid to enable shareholders to be offered a full cash alternative if they do not want to remain with ITV once it is effectively ...