Scottish Radio Holdings Appoints Goldman Sachs For Strategic Review

The board of Scottish Radio Holdings (SRH) has announced the appointment of Goldman Sachs International to assist in a strategic review of the company’s options for the future. On Friday the Scottish Media Group (SMG) acquired a 14.9% stake in SRH (see SMG Acquires 14.9% Stake In Scottish Radio Holdings), sparking rumours that a take-over bid could be on the cards if regulation is relaxed.

The SRH board has already told shareholders to hold back in case of more lucrative offers (see Scottish Radio Tells Shareholders To Hold Back) and will also need to take into account the changes in regulation expected in today’s Communications White Paper. The review is said to be aiming to “explore all opportunities to enhance shareholder value.”

A further announcement will be made following completion of the review, and will take into account the implications of the White Paper. Nearing the end of this morning, shares in SRH had risen by £1.22½ or 8% on yesterday’s closing price, and stood at £16.20.

Scottish Radio Holdings: 0141 306 2242

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