Mirror Group Swiftly Rejects £1 Billion Offer From Trinity
Reports are breaking this morning that the Mirror Group has rejected Trinity’s £1 billion bid for the group (see Newsline).
The Mirror Group issued a swift response to the offer, describing it as “an inadequate premium for a change of control”.
Meanwhile, rival bidder Regional Independent Media (RIM) are understood to be preparing to make a 220p-a-share cash bid for the group. Earlier in the year, the Mirror Group rejected a lower bid pf 200p-per-share from RIM for £913 million (see Newsline).
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