The bookseller is reporting that? Informa has received an approach from a consortium of US private equity firms valuing the company at around ?3.4bn, including debts, reports the Daily Telegraph.
Here’s what they say
http://www.thebookseller.com/news/informa-confirms-us-buyout-approach.html-0
Informa confirmed yesterday (1st July) that it had received ?a proposal? on 26th June, pitched at 506p per share. The approach from the buyout group ? Providence, Hellman & Friedman and Carlyle ? values Informa?s equity at around ?2.1bn.
According to the newspaper, the bidders are said to be keen to retain Peter Rigby, Informa?s chief executive and former chairman, who helped build the group through the acquisition of companies including Taylor and Francis, IIR and Datamonitor.
