Rothermeres raise their Daily Mail bid

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NS Viscount Rothermere Raised their bid to take Daily mail Publishers are private and then reduce the level of support needed to exclude the business Independent shareholders He complained that the previous offer did not recognize the long-term value of the group.

Count Rosamia, Jonathan Harmsworth’s investment vehicle, has raised the Daily Mail and General Trust offer from 255p to 270p. The new bid, which the family has declared final, represents a 5.9 percent increase from the original offer.

Previously, Viscount Rothermere needed the support of a 90% stake in DMGT for a successful acquisition. This is the level at which a minority of investors are squeezed out of the company against their wishes. But on Thursday, it lowered its delisting criteria to more than 50% of its shares and set a two-week deadline for investors to accept. Viscount Rothermere owns almost 42 percent of the shares behind their bid, including shares held by the family.

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Simply put

Preclinical data GSK Covid-19 drug sotrovimab “retains activity against the key Omicron “Mutations,” said the pharmaceutical group. GSK said the data should be further verified by testing and is intended to provide updates by the end of the year. The UK approved treatment this morning to reduce the risk of hospitalization and death for Covid-19 patients.

AJ bell After a “record growth year,” it reported £ 55m in pre-tax earnings and announced a special dividend of 5p per share in addition to the final dividend.

Thames water Reported revenues and revenue growth in the first half of the fiscal year. However, after recording a larger non-cash loss on financial instruments, it was still able to achieve a pre-tax loss of £ 343 million (after losing £ 247 million in the first half of last year).

Glencore Activist Bluebell Capital will host Investor Day this afternoon a few days after requesting it Spin off coal assets..

Stick to the activists, Dunlobe Dodge rival activists with a London-listed Third Point feeder fund. Asset Value Investors complained about the valuation gap between the main fund and Third Point Investors Limited and urged shareholders to vote for the removal of Third Point’s legal counsel from the London Fund’s board of directors. But the resolution was totally defeated on Wednesday, Joshua Oliver reports..

Also, today there is an update from an outsourcer SercoAhead of today’s capital markets day, we announced new medium-term financial targets.

Beyond square miles

Square Inc, A settlement company operated by twitter Founder Jack DorseyIs the latest technology group to keep up with the renaming trends.It will be a “block” Breaking News Team Report.. Some of the companies that serve sellers keep Square’s name, but the parent company changes its brand. The move “recognizes the company’s growth” in areas such as remittances, music streaming and cryptocurrencies, he said.

Disney Nominated a new chair instead Bob Iger When he resigned at the end of the year. Susan E. Arnold has previously held senior positions at The Carlyle Group and Procter & Gamble and has been a board member of Disney for the past 14 years. Christopher Grimes reports from LA.. Eiger finished his term as CEO last February and chaired it.

When Barry Diller Media empire Calm down A legal battle with the founders of The Tinder, who claimed they were fooled by good luck. Match Group, the owner of The Tinder, has agreed to pay the founder of the dating site $ 441 million to resolve this allegation. They wanted $ 2 billion.Rex Good note What’s next for the match?

I covered the subject in Paul Marshall’s opinion piece, which I covered yesterday (the founder of the hedge fund said London is becoming the “Jurassic Park” of the stock exchange. In case you miss it), Lex is wondering if the world stock exchanges are such “there” ideas. I thought of an exciting memo..

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