Daily Mail and General Trust (DMGT)
Posted: July 12th, 2021, 11:47 am
https://www.bbc.co.uk/news/business-57795105The Rothermere family is considering making an £810m bid to take the owner of the Daily Mail news group private...
...Lord Rothermere is already the controlling shareholder of DMGT through a 28% stake owned by his family trust, RCL.
https://www.investegate.co.uk/daily-mai ... 0019EUHYM/The Possible Offer for DMGT
RCL has indicated to the Board that, if RMS Completion and Cazoo Completion both happen, it would be prepared to make a possible cash offer to acquire the entire issued and to be issued share capital of DMGT not already owned by RCL (the "DMGT Shares") (the "Possible Offer").
Under the terms of the Possible Offer, and subject to the reservations set out below, holders of DMGT Shares would receive 251 pence in cash for each DMGT Share (the "Offer Consideration").