Trinity Mirror buyout of Express & Star approved by 99% of shareholders
Trinity Mirror’s proposed £127m buyout of the Express and Star newspapers was approved by 99% of its shareholders at its General Meeting in London.
Shareholders approved a resolution proposing the acquisition of Northern & Shell’s publishing assets, according to a statement released by Trinity Mirror. The takeover deal includes the Daily Express, Daily Star, Sunday Express, Daily Star Sunday, Ok!, New! And Star titles.
Trinity Mirror chief operating officer Mark Hollinshead has been put in charge of the Northern & Shell titles to oversee their integration, according to a report in The Drum.
The National Union of Journalists has warned that the purchase could be referred to the Competition and Markets Authority on media plurality grounds. The NUJ added it would seek “guarantees that the deal will not result in redundancies and that the titles will be able to thrive”.