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7th September 2008

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Informa shares fall on bid fears

19.06.08

Shares in T&F's parent Informa fell almost 9% yesterday as investors expressed doubts about private equity suitors' ability to finance a bid for the academic journals and trade fairs group, and about the price they might pay, reports the FT.

Providence Equity Partners and Carlyle, who have made a preliminary approach to Informa, have also contacted other private equity groups to see whether a broader consortium could be put together for one of the world's largest leveraged deals since credit markets seized up last August.

FT

Financial stm Informa Taylor & Francis academic