Lord Rothermere is considering a bid to make the owner of the Daily Mail, Mail on Sunday, and Metro newspapers private in a deal worth £810 million ($1.1 billion). The newspapers are currently part of the Daily Mail and General Trust (DMGT), listed on the stock market since 1932. But if the sale of its insurance risk division and a 16 percent stake of Cazoo is distributed to shareholders following the car business’s listing in the United States, the great-grandson of the newspaper’s founder intends to make a bid to de-list it. Lord Rothermere is already the controlling shareholder of DMGT via his family’s business, but a deal to turn it private would see it leave the stock market. DMGT confirmed it was in discussions to sell its insurance risk division following approaches from interested parties, with proceeds from the sale of 610p per share via a special dividend. The …
Originally found on the Epoch Times Read More
