Newspaper tycoon Lord Rothermere has increased his offer to take the group behind the Daily Mail private for a second time following a backlash from shareholders. The businessman had previously offered investors in Daily Mail & General Trust (DMGT) 251p a share, but raised it to 255p last month. DMGT said non-conflicted directors have unanimously accepted the increased offer which the company said is “final”. As well as the Daily Mail and Mail on Sunday the group also owns Metro newspapers and recently acquired The i newspaper and New Scientist. The business recently revealed that increases in the cost of newsprint are now at levels not seen for 25 years.

Source: Daily Mail December 02, 2021 18:10 UTC