(Reuters) -Britain’s National World Plc said on Thursday it was in the early stages of exploring a possible cash offer for Reach Plc <RCH.L>, the British publisher behind the Daily Mirror and Sunday Mirror newspapers.
National World, which invests in news publishing businesses, said it has not yet approached Reach’s board for the possible offer. Reach confirmed that in a separate statement.
According to UK regulations, National World has until Dec. 2 to announce a firm intention to make an offer for Reach, or walk away.
(Reporting by Amna Karimi in Bengaluru; Editing by Shailesh Kuber and Devika Syamnath)
