A formal bid from German publisher Axel Springer could be made to the Mirror Group as early as this week following the announcement that it was considering a takeover of Mirror a few days ago (see Mirror Shares Jump On Takeover Talk).
Axel Springer is now the only company believed to be expressing an interest in buying the Mirror Group; local publisher Trinity International pulled out after Axel Springer’s interest became known (see Trinity Pulls Out Of Mirror Talks).
Mirror Group’s shares have surged on the back of the speculation and closed on Friday at 248.5p, up from 197.5p two weeks earlier. It is believed, however, that the Mirror Board is unlikely to accept an offer of less than 300p per share.
Mirror Group: 0171 293 3000
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