Euromoney Institutional Investor confirmed on Monday that it was in talks with a consortium comprising of private equity firms Astorg Asset Management and Epiris about a possible £1.6bn cash takeover.
Responding to media speculation over the weekend, Euromoney said they were in discussions about a possible offer at £14.61 per share. This follows earlier approaches from the consortium at £11.75, £12.50, £13.10 and £13.50 per share.
“The board is engaged in discussions with the consortium regarding the proposal,” it said, adding that there can be no certainty an offer will be made nor as to the terms on which any offer might be made.
