IFE May Increase Offer For TVS

Preference shareholders in TVS are still holding out on an agreement to allow International Family Entertainment the 75% vote required to take over the television company. They maintain that unless a better offer is in the pipeline it would be financially more rewarding to allow the company to go under.

IFE on the other hand is threatening to walk away from the deal if the shareholders do not comply by January 12. 78.4% of ordinary shareholders have given the go-ahead on the takeover but so far only 40.6% of preference shareholders have given their consent.