Lord Rothermere has confirmed that he is mulling a bid to take Daily Mail & General Trust (DMGT) private after receiving approaches for its insurance risk business. The announcement by the owner of the Daily Mail and MailOnline follows a tweet late last night by Mark Kleinman, City editor of Sky News. SponsoredThe disposal of the insurance risk business “would mark a further significant milestone in the transformation of DMGT”, the company claims in a brief statement to the London Stock Exchange. The statement adds that Lord Rothermere has told the board that he would be prepared to make a possible cash offer to acquire shares not owned by the Rothermere family if the insurance business is sold and DMGT completes the disposal of its

Source: The Times July 12, 2021 07:52 UTC