Scottish Radio Holdings rejects takeover bid by Emap

MEDIA group Scottish Radio Holdings (SRH) has rebuffed a takeover attempt by its 27% shareholder Emap.

SRH, the owner of Today FM and the Kilkenny People newspaper, said the offer “significantly undervalues the company”.

Emap, which owns several radio stations and magazines in Britain, put an offer of 1,040 pence per share to SRH board earlier this month, valuing the group