(Reuters) – The owner of Britain’s Daily Mail said on Tuesday it was close to agreeing a deal with its pension trustees that could see Rothermere Continuation Ltd pay them roughly 400 million pounds ($546 million) to take the publisher private.
The news on Daily Mail and General Trust, first reported by Sky News on Monday, comes after a major overhaul at London-listed DMGT. It sold its insurance risk business in August and listed partly-owned online car seller Cazoo the same month.
($1 = 0.7329 pounds)
(This story corrects headline to say publisher “close to” deal, not “to close” deal)
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