National World edges towards £61.5m takeover deal
Bosses at the newspaper owner said on Friday that they would be ‘minded to’ support the deal if its suitor lays down a formal bid.
By contributor By Henry Saker-Clark, PA Deputy Business Editor
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Newspaper group National World has moved closer to a takeover by its largest shareholder.
The Scotsman and Yorkshire Post owner said Media Concierge has put forward a £61.5 million proposal to buy the media firm.
Bosses at National World said on Friday that they would be “minded to” support the deal if its suitor lays down a formal bid.
Media Concierge, which owns a 28% stake in National World, runs a raft of local newspapers in Ireland as well as direct mail and advertising operations.
