| |
UBM Pulls Out of Informa Talks
In the UK, former NOP owner United Business Media (UBM) has pulled out of talks to buy information group Informa, which acquired Datamonitor last year.
The talks, which could have led to the creation of a £3bn media group, were at a preliminary stage. UBM said in a statement that its Board had been unable to agree satisfactory terms that would have been in the best interests of shareholders.
Informa has received a further approach from an unnamed third party which it says 'may or may not' lead to a takeover offer in cash being made for the company. According to several sources, this second approach has come from a private equity consortium led by Providence Equity Partners.
Informa's share price, which stood at around 386p when discussions were first made public last week, has leapt to 470p today.
Web sites: www.informa.com and www.unitedbusinessmedia.com .
|
