Addleshaw Goddard has advised the Rothermere family on the successful £3bn reorganisation and takeover offer for Daily Mail & General Trust plc, which completed this morning

The AG team advising the offeror, Rothermere Continuation Limited, was led by Charles Penney and Simon Wood, together with a wider team from the Corporate, Finance and Pensions divisions. 

In addition to the offer, DMGT's shareholders will also receive a significant cash dividend and shares in Cazoo, the NYSE listed online used-car platform. DMGT’s remaining consumer media businesses comprise the Daily Mail, The Mail on Sunday, Mail Online, Metro, the i, New Scientist and start-up news digest brand the Knowledge. DMGT also retains certain property information brands, DMG Events, and DMG Ventures. The reorganisation of DMGT is valued at over £3 billion.

Lazard and Goldman Sachs advised Rothermere Continuation as financial advisers. J.P. Morgan, Credit Suisse and Slaughter and May advised DMGT.