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Granada Steps Towards LWT Takeover

Granada Steps Towards LWT Takeover

Shares in Granada fell from 421p to 417p yesterday following the news that the leisure and TV group had upped its stake in LWT to almost 20% – the maximum allowed under current legislation. Granada’s move has positioned itself for a relaxation of the rules that prevent large TV companies taking each other over. Granada’s chief executive, Gerry Robinson and LWT’s Sir Christopher Bland, will meet today to discuss the next move.

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