ITV’s share price rose almost 4% this morning following weekend reports that three private equity firms could be considering a £3 billion bid.
Private equity groups Apex, KKR and Provident are all believed to be considering an offer of around 100p a share, according to a report in the
Observer.
ITV’s share price reached 79.50p earlier this morning having closed at around 76p on Friday.
According to the Observer report, ITV shareholders will be tempted to accept an offer if it emerges.
ITVs share price has been hit by the recent decision by business secretary John Hutton to force BSkyB to reduce its stake in ITV to under 7.5% (see Sky Told To Reduce ITV Stake To Below 7.5%).
The Observer also reported investment bank sources as saying that former BBC director general Greg Dyke, who fronted a private equity bid that failed two years ago, is not involved.
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