Dow Jones Newswires: Euromoney Institutional Investor in talks to be bought for $2 billion

Euromoney Institutional Investor PLC said Monday that it is in talks with a consortium comprising private equity company Astorg Asset Management and Epiris LLP over a potential 1.6 billion pound ($1.96 billion) takeover. The U.K. business-to-business information company said that it has received a number of approaches from the consortium, the latest of which was for GBP14.61 a share, a 34% premium to the company’s closing price of GBP10.94 on Friday.

The consortium had previously tabled proposals for GBP11.75, GBP12.50, GBP13.10 and GBP13.50 for each Euromoney share. Euromoney
said that it is in talks with the consortium, but cautioned that there is no certainty any deal will be struck. The consortium has until July 18 to either make a formal offer or walk away under U.K. Takeover Panel rules. Write to Ian Walker at [email protected]



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