More board considers bid
Friday 29 May 1998
THE BOARD of More Group, the outdoor advertising outfit, is expected to meet this morning to decide whether or not to recommend an indicative offer for the business from Decaux, its French rival. More's directors yesterday met Decaux executives and advisers to discuss the merits of the offer, but no decision was made. Decaux, whose bid has been referred to the Monopolies and Mergers Commission, has indicated it will offer 1220p per More share if it is given the green light. Clear Channel, the US media giant, has offered 1,110p per share.
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