Talks between UBM and Informa over a £3 billion merger have broken down, while Informa is believed to have received a a rival approach from private equity firm, Providence Equity Partners.
Reports in the trade press suggest that Providence Equity is the company behind the approach for the Lloyd’s List publisher, although the
Times claims Providence has a consortium behind it.
Informa released a statement last night saying that it has received a further approach from a third party.
UBM made an approach for Informa earlier this month, but it has effectively been priced out of the picture by the increased value the stock market has put on Informa (see Informa Holds Merger Talks With UBM).
UBM said last night it had been unable to agree terms with Informa “that would be in the best interests of UBM shareholders”.
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