News
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.
See Also
Related
- Publishing grows for Informa
- Sales accelerate at Waterstone's
- Waterstone's sees summer sales drop
- Sales weaken at W H Smith
- Borders US hit by soft economy
Book news from the BBC
- 'Joe the Plumber' lands book deal
- Mother rejects child abuse memoir
- Male writers dominate Costa award
- Mother denies judge's abuse claim
- Author Ness wins Booktrust prize
Latest Comments
- We've decided to head straight back to the 20th C, and have asked Capstone...
- Amazon.co.uk are being economical with the truth. They can legally sell the...
- Did you know that Dawn French's memoir, Dear Fatty (Century),...
- I can't see you (or Sparkfilms) on the Internet Movie Database (imdb.com)....
- So what is the real value of Woolworths? I would say that after the key...
RSS
Subscriber Content