• RELATED STORIES

• Bertelsmann sees group profit rise in first quarter

  Random House parent Bertels...

• Amazon's 2012 tax bill revealed

  Amazon.co.uk paid £3....

• Profits rise at S&S in first quarter

  Profits at Simon & Schu...

• 'Rewarding' upturn for Canongate

  Canongate has seen steep ri...

• Book sales fall 6% at W H Smith

  Book sales at W H Smith dro...

Informa confirms US buyout approach

02.07.08 | Anna Richardson

Media group 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.

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.

• Anna Richardson
• Financial
• Informa