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Informa's Rigby urges consortium to bid
The chief executive of media group Informa urged the private equity consortium eyeing his company to make a £2.15bn bid or walk away, "because he wants to go on holiday", reports the Guardian.
Peter Rigby's comment came as Informa, owner of publisher Taylor & Francis, announced a strong set of half-year figures likely to further whet the would-be buyer's appetite.
But Providence Equity, Carlyle Group and Hellman & Friedman, which made an informal approach at 506p a share last month, are rumoured to be having trouble raising the cash to finance their offer and take on Informa's £1.2bn of debt, according to the newspaper.
If any bid were to materialise, it would be the largest private equity deal since the credit crunch started to bite last summer.
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