Chris Hughes, Columnist

Daily Mail's Own Soft Exit

Ceding control of Euromoney for no premium looks odd, but may pay off.

December 9, 2016 at 1:16 PM UTC

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

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You only surrender control of a company for a premium, right?

Daily Mail and General Trust Plc has different ideas. It is giving up control of Euromoney Institutional Investor Plc and is receiving nothing extra for doing so. In fact, it's selling some of its dominant stake at a discount to the prevailing stock price.