Informa Mulls Private Equity Bid

LONDON, July 3: U.K.-based
publisher and event organizer Informa has received a £2.15 billion ($4.3
billion) buyout offer from private-equity firms Providence Equity, The Carlyle
Group and Hellman & Friedman.

"Discussions continue
to be at an early stage and there can be no certainty that an offer will be
made," Informa said in a statement.

The offer value of 506
pence per share is 16.5-percent higher than Informa’s closing price today of
434 pence. It comes a few weeks after Informa’s merger talks with United
Business Media fell through.

Informa publishes more
than 2,000 trade publications and organizes in excess of 10,000 events a year.

—By Mansha Daswani