Fears for Scotsman As Barclay Brothers Reveal (Pounds) 260m Deal to Buy the Telegraph

The HeraldJanuary 19, 2004

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Summary


A QUESTION mark hangs over the future of Scotsman Publications after its owners, the Barclay brothers, made a (pounds) 260m agreed offer for Conrad Black's media empire, which includes the Daily Telegraph.

The Barclays have an "irrevocable" agreement to buy Lord Black's controlling 78% stake in Hollinger Inc and announced an offer to buy the remaining 22% of the shares.

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Extract


Fears for Scotsman As Barclay Brothers Reveal (Pounds) 260m Deal to Buy the Telegraph

The deal was announced just hours after the troubled press baron was sued by his own com...

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