Mirror Group’s share price this morning rose 22.5p to 240.5p after the disclosure that it is in takeover talks with German newspaper group Axel Springer. Springer has issued a statement saying that it is considering several opportunities, one of which is believed to be a takeover of the UK media group.
The news immediately sparked off rumours that other bidders are also interested in buying Mirror Group. A strong contender is Trinity International, the UK’s largest regional newspaper group, and Independent Newspapers, the Irish operation which recently bought the Mirror’s stake in the Independent titles (see Independent Gets New Owner).
Mirror Group: 0171 293 3000
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