London Weekend Television Holdings has lifted its shareholder limitation which currently restricts companies to stakes of under 10% – a move which could result in a takeover in the near future.
“We took the view that no company directors should hide behind the 10% limit” says chairman Sir Christopher Bland, but he stresses “We want LWT to remain an independent company”.
LWT is the first of the ITV companies to lift the ban but it is presumed that the others will follow in its path.
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