Emap revealed today that those who have bid for its business-to-business section should consider buying the Emap plc title.
The company said: “As part of the review process, Emap is asking those parties interested in acquiring its B2B division to consider including the acquisition of Emap plc in their proposals, should an outcome of the review result in B2B being the only business remaining within Emap plc.
“This is being proposed purely as a possible way of enabling the return of the cash, including the proceeds of any potential disposals, to shareholders in an efficient manner.
“The Board confirms it has not received any approach to acquire Emap as currently constituted and that the commencement of the offer period is not a consequence of any proposal received to date.
“The review continues to examine all options, including the potential sale or demerger of some or all of the constituent parts of the Group.”
It is believed that bidders for its business-to-business division include Guardian Media Group and private equity firms Providence and Apax.
Earlier this week, the private equity firm Cinven pulled out of the race for Emap’s consumer magazine division, apparently unhappy with the £700m price tag (see Cinven Pulls Out Of Emap Consumer Magazine Bidding).
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