Ra­dio Kerry bid for Clare and Tipp FM

The Kerryman (South Kerry Edition) - - NEWS - BY SI­MON BROUDER

RA­DIO Kerry has launched a bid to take over both Clare FM and Tipp FM in a move that would make the Kerry sta­tion’s par­ent com­pany one of the largest re­gional ra­dio own­ers in the coun­try.

On Tues­day evening, Ra­dio Kerry an­nounced that its board had ap­proved an of­fer to the share­hold­ers of Clare Com­mu­nity Ra­dio Hold­ings to pur­chase the en­tire share cap­i­tal of the com­pany, Clare FM.

It has also made an of­fer for Clare FM’s con­trol­ling in­ter­est in Tipp FM.

The Board of Clare FM are rec­om­mend­ing ac­cep­tance of the of­fer to their share­hold­ers. Both of­fers are sub­ject to share­holder and reg­u­la­tory ap­proval which it is hoped to se­cure in early 2019.

In 2005, Ra­dio Kerry pre­vi­ously pur­chased Shan­non­side/North­ern Sound Ra­dio which broad­casts into Long­ford, Roscom­mon, Leitrim, Ca­van and Mon­aghan.

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