After Informa rejected a reduced bid of 1.9 billion pounds (down from an original bid of 2.2 billion pounds), the consortium of private equity groups hoping to buy out the company “has decided to withdraw its proposal.” The group, led by Providence Equity Partners, reportedly had trouble raising financing for the deal. But the group “said they reserved the right to make or participate in an offer for Informa within six months subject to certain conditions.” In today’s markets, Informa shares are trading over 20 percent below that reduced offer (the group bid 450p a share; the price is now […]
