30th Mar 2015 05:53
LONDON (Alliance News) - Trinity Mirror PLC is holding talks with Local World, the local newspaper publisher, about either increasing its stake in the company or launching a full takeover, which could value the business at around GBP200 million and would attract the attention of the UK's competition watchdog, the Financial Times reports.
Trinity is the largest regional newspaper group in the UK and Local World is the fourth-largest, according to analyst estimates cited by the FT.
Trinity already has a 20% stake in Local World, while rival Daily Mail & General Trust PLC is its largest shareholder.
http://www.ft.com/cms/s/0/a242f934-d47d-11e4-8be8-00144feab7de.html?siteedition=uk#axzz3VqU9MoZQ
By Sam Unsted; [email protected]; @SamUAtAlliance
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