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Trinity Mirror in £127m Express takeover?

Discussion in 'Current Events' started by Damien, Feb 4, 2018.

  1. Feb 4, 2018
    #1

    Damien Self-Aware RedCafe Database (and Admin) Staff

    Joined:
    Mar 4, 2010
    Messages:
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    https://news.sky.com/story/mirror-owner-to-clinch-127m-express-takeover-11236550
    • Richard Desmond to get £42M immediate cash payment, £20M in Trinity Mirror shares, £60M in deferred payments and £5M relating to approvals by Irish competition authorities.
    • Further £40M to be paid into pension schemes of both newspaper companies.
    • Trinity Mirror will get Daily Express, Daily Star, Sunday Express, OK! Magazine and more.
    • Richard Desmond would become one of Trinity Mirror's largest shareholders though hasn't asked for a seat on the company board.
    • Shareholders in Trinity Mirror to have formal vote before deal is finalised.