Informa Considers £3.4bn Bid

In the UK, information group Informa is weighing up an approach worth £3.4bn from a consortium made up of three private equity firms.

The proposal comes just a fortnight after former NOP owner United Business Media pulled out of talks to buy the group.

Informa said in a statement that Providence Equity, The Carlyle Group and Hellman & Friedman made a bid proposal of 506 pence per share on 26 June. While discussions are underway, the firm again cautioned that they are at an early stage and there can be no certainty that an offer will be made.

Analysts at stockbroking firm Numis said in a note to clients that should an offer not be forthcoming, the group could still reconsider a merger with UBM.

Today's news sent Informa shares climbing 12.4% to 425 pence.

Last year, the London-based company acquired online data, analytic and forecasting firm Datamonitor in a £502 million deal. The companies are online at www.informa.com and www.datamonitor.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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