Media Company Informa Plc, UK, has said that the company has received another preliminary buy-out approach. It is being targeted for takeover by a private equity consortium. While Informa did not reveal who made the latest approach, talks are continuing with Providence Equity Partners, Carlyle Group and Hellman & Friedman. The private equity consortium made a provisional ₤2.15 billion ($4.29 billion) takeover offer on June 26 of 506 pence per share. That represents a 7 percent premium to the current share price and a 21 percent premium to the closing price on the day before the offer was made.
If the proposed deal goes ahead, it would be one of the world's largest private equity takeovers since the credit markets seized up last year. An earlier attempt by United Business Media ground to halt in June, leading to a fall in Informa's share price. Informa publishes Lloyd's List maritime newspaper and owns over 2,000 trade publications.
Earlier this week, Informa reported an 18 percent increase in first half sales to ₤627.6 million ($1,243).
