Lord Rothermere secures enough support from shareholders to take Daily Mail & General Trust private
The owner of the Daily Mail will be delisted from the stock market after the controlling shareholder Lord Rothermere won over enough investors to back his bid to take the publisher private.
An investment vehicle run by Jonathan Harmsworth, Viscount Rothermere, announced on Thursday that it had reached agreements to buy enough shares to control 56.7% of Daily Mail & General Trust (DMGT) – clearing the 50% hurdle he required to win.
