Offer raised to 270p a share to attract investors who feel business is being significantly undervalued
Lord Rothermere has been forced to up his bid to take the publisher of the Daily Mail, i, Metro and New Scientist private to try to win over investors who believe he is significantly undervaluing the business.
The family, which founded the Daily Mail in 1896 and listed the parent company, Daily Mail and General Trust (DMGT), on the stock market in 1932, has upped its offer to 270p a share, valuing the newspaper business at £885m including debt.
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