|
Granada clears bid decks with spin-off
|
GRANADA Group today cleared the decks for a takeover assault on
either Carlton Communications or United News & Media this summer when
it revealed that Granada Media will be spun off as a separately
listed company.
The hope is that shares in the new business, including the
northern and London Weekend TV stations, programme-making and
internet projects, will soar as a pure media play.
That will give Granada Media the high-priced ammunition to launch
a bid. The company will initia...
