By William Turvill
Lord Rothermere has succeeded in his bid to take full control of Daily Mail publisher DMGT, which will be delisted from the London Stock Exchange.
The company today announced that investors representing 63% of DMGT shares have now voted in favour of the deal, meaning it has passed the necessary acceptance threshold.
Press Gazette estimates that the takeover deal is worth around £2.4bn, although the total value varies according to the share price of Cazoo – because part of the Rothermere payment is made up of stock in the US-listed online car retailer – and currency movements.
Source: Press Gazette
Deal value: £2.4bn
Country: UK
Status: Announced
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