Trinity Mirror offers £41.2m cash for Northern & Shell pensions in planned M&A
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 of £184.2m....
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