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Daily Mail publisher to delist from stock market after 90 years
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theguardian.comThe 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.
Rothermere had until Thursday to gain the backing of enough other shareholders for his buyout offer. The successful deal means the company will exit the London Stock Exchange after 90 years.
The Daily Mail was established in 1896 by Rothermere’s great grandfather. It listed on the stock market in 1932, and in the
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