- With Mirror Group's results due on Thursday, it is expected that both prospective bidders for the UK national newspaper group will table offers early this week.
Both the offers, from Trinity and Regional Independent Newspapers, are expected to be in the region of £1 billion. The investment bank which is handling negotiations, SG Hambros, has asked for them to be tabled ahead of Mirror Group's results so that the board of directors can consider them.
Trinity's offer of a mixture of cash and shares still appears to be the most favoured. It is expected to value the shares at between 200p and 220p. An all-cash offer from RIM of 200p a share was rejected by the Mirror board as inadequate late last year.
Under the rules of newspaper ownership, both bids are likely to be examined by the Monopolies and Mergers Commission.