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

Origo completes pensions dashboards integration testing

Origo completes pensions dashboards integration testing

Firm worked with PDP to ensure providers and schemes will be able to successfully connect

Holly Roach
clock 27 March 2025 • 2 min read
News Digest: Nest says pledge to invest 30% in private markets is 'not guaranteed'

News Digest: Nest says pledge to invest 30% in private markets is 'not guaranteed'

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 27 March 2025 • 1 min read
TPR gender pay gap increases in 2024

TPR gender pay gap increases in 2024

Regulator’s mean and median gender pay gaps rose last year, recognising it has ‘work to do’

Holly Roach
clock 26 March 2025 • 2 min read
Trustpilot