Company
Daily Mail and General Trust
LON:DMGT
Daily Mail and General Trust PLC is engaged in multiple media business. The Company operates in six operating divisions: national newspapers, local media, business information, Euromoney Institutional Investor (Euromoney), exhibitions and radio. The Company’s subsidiaries include Associated London Distribution Limited, Associated Northcliffe Digital Group Limited, Allegran Limited, DMG Ireland Holdings Limited, Find a Property Limited and Loot Limited. On October 6, 2006, the Company acquired Metal Bulletin plc. In August 2006, the Company acquired Simply Switch.
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MailOnline finally caves as paywalls to be introduced - reports
MailOnline is the UK's second most popular news site, behind the BBC
Lord Rothermere cements control of Daily Mail by becoming chief executive
The move follows the resignation of chief executive, Paul Zwillenberg and means Rothermere will be chairman and CEO of the family media empire
Investments and investor services
Daily Mail finally settles its controversial special dividend
A planned special dividend that involved part-payment with shares in ailing car dealer Cazoo was agreed as part of the Rothermere family's offer to take the publisher private
Daily Mail bid from Rothermere family could go either way in deciding day
A further 4.9% of investors need to accept the proposed offer by tomorrow for RCL to attain its minimum 50% level
Daily Mail bid from Rothermere family heading to the wire
A further 8% of investors need to accept the proposed offer by Thursday for the Rothermere family to attain its minimum 50% level
Rothermere’s higher Daily Mail offer still fails to convince shareholders
It said it had also received letters of intent to accept from 7.8% of investors taking its potential ownership to 41.8%, though is still well short of the acceptance level of 50%
Investments and investor services
Lord Rothermere ups bid for Daily Mail publisher after shareholder backlash
Rothermere has also lowered the acceptance threshold to 50% from 90%
Daily Mail and General Trust offer garners little support so far
Two institutional shareholders have publicly spoken out against the proposal
Major investor says DMGT takeover by Lord Rothermere is at less than half fair value
The group's digital assets are "on their own worth more than RCL’s current valuation of the remaining group"
Investments and investor services
Daily Mail and General Trust shareholder says Rothermere is making lowball offer
Majedie Asset Management said its appraised valuation estimate of only the largest businesses within the group "materially exceeds double the current offer price"
DMGT to go private as Lord Rothermere agrees deal
Shareholders will receive 255p in cash, a special dividend of 568p, and 0.5749 Cazoo shares for each share they own
Daily Mail and General Trust close to deal with pension trustees
DMGT has decided to implement a major reorganisation as a prelude to an offer for the company by its controlling shareholder, RCL.
Cazoo starts trading on the NYSE
The company has a stock market valuation of around US$8bn, making it the most valuable UK outfit ever to list across the pond.
DMGT agrees sale of risk business RMS for £1.43bn
The price for RMS is in line with the terms agreed for the Rothermere buy-out
DMGT and Goldman Sachs back buy-now-pay-later firm Zilch in £80mln funding round
Zilch, which offers users the ability to spend in over 5,000 stores using its card, raised a total of US$200mln in the Series B funding round, originally announced in April
Daily Mail set to go private as Rothermere unwinds DMGT
Owner Lord Rothermere will buy the newspaper after disposals of RMS and Cazoo stake