| |
YouGov Management 'Considered Buyout'
YouGov executives have considered taking the company private following its share price tumble this month, according to private equity sources quoted in the UK's Daily Telegraph newspaper.
The Telegraph (www.telegraph.co.uk ) said the talks were at an early stage and have apparently been called off. To date, YouGov has not commented on the reports.
The paper says investors 'believe the business could be worth around £120m' as opposed to the mere £29m at which its current price values it. Shares fell from 71p to 35p earlier this month when the company posted a profit warning and have since declined further, reaching 30.5p just after noon today.
The fall comes despite expected revenue for the first six months of the financial year around 20% up on the same period last year, and good growth in a number of markets such as Germany and the USA. YouGov says it has seen much weaker than expected new business in the UK.
Web site: www.yougov.com .
|
