Wednesday, 2 July 2008

Informa gets bid from private equity consortium led by Providence Equity

Readers will know my interest in the 'fate' of Informa as Informa bought Datamonitor which had bought Ovum which had bought Richard Holway Limited. (See my post on 9th June aptly entitled "There was an old lady who swallowed a fly...") I still have a lot of affection for the 'old firm' and my friends who have remained there.

Informa has just confirmed that it has received a 506p proposal from a private equity consortium led by Providence Equity.

Informa said the consortium, which also includes The Carlyle Group and Hellman & Friedman, had made a preliminary 506p per share bid on 26 June. The group's shares have risen 11% in today's trading.

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