Trinity Mirror offers £41.2m cash for Northern & Shell pensions in planned M&A

Victoria Tichá
clock • 2 min read

The newspaper publisher is offering a one-off upfront £41.2m cash payment and £29.2m deficit recovery plan for the Northern & Shell defined benefit (DB) schemes as part of its planned acquisition.

Following its recent offer to acquire Northern & Shell for £126.7m, Trinity Mirror said on 9 February in an announcement on the stock exchange that the pension deal would imply an enterprise value ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Bank of England cuts interest rates to 4.25% amid mounting challenges

Bank of England cuts interest rates to 4.25% amid mounting challenges

Markets had been forecasting a 25bps cut this month given April's NIC rise

Sorin Dojan
clock 08 May 2025 • 4 min read
Barnett Waddingham makes first connection to pensions dashboards ecosystem

Barnett Waddingham makes first connection to pensions dashboards ecosystem

Connection was made by consultancy’s integrated service provider, Equisoft

Holly Roach
clock 08 May 2025 • 1 min read
TPT to launch multi-employer CDC pension scheme solution

TPT to launch multi-employer CDC pension scheme solution

Provider will also develop single-employer CDC schemes for larger businesses

Jonathan Stapleton
clock 08 May 2025 • 2 min read
Trustpilot