"Global Radio, the owner of Heart 106.2, has been given a further three weeks to agree a deal with GCap Media, the owner of Capital 95.8. Talks were expected to start immediately after Global made a 225p-a-share “final proposal”, worth £371 million, for Britain’s largest commercial radio group on the eve of the Takeover Panel’s “put up or shut up” deadline of 5pm yesterday."
http://business.timesonline.co.uk/tol/business/industry_sectors/media/article3492307.ece