Trinity Mirror deal faces age old problem. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Trinity Mirror appears to be finding there is one slight problem with trying to acquire the newspaper of choice for Britain’s embittered pensioners: Britain’s soon-to-be embittered pensioners. According to reports in the Telegraph over the weekend, a £130m deal to combine the Daily Mirror with Richard Desmond’s Daily Express is now facing opposition from pension trustees “on both sides of the deal”.Under the proposed terms, Trinity Mirror will pay Mr Desmond for his Express newspapers and other Northern & Shell “assets” in cash and shares, and he will then make a one-off payment to top-up the Express pension
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Trinity Mirror deal faces age old problem. FT Opening Quote, with commentary by...