Lord Rothermere, the biggest shareholder in the company behind the Daily Mail, has increased his offer to take the company private for a second time after a backlash from investors. The newspaper tycoon's family holding company has raised the price it will pay shareholders in Daily Mail & General Trust (DMGT) to £871m, or 270p a share. DMGT said "non-conflicted" directors had unanimously agreed to recommend the new offer, with a deadline of 16 December. Following the latest offer it maintained that the offer was not generous enough and urged shareholders to reject it. DMGT owns the Daily Mail, Mail on Sunday and Metro newspapers as well as the i and New Scientist.

Source: Daily Mail December 02, 2021 16:06 UTC