Private Frazer’s Doomed Magazines

September 5, 2008

Going down (part 2)

Filed under: B2B magazines,Recession — privatefraser @ 8:32 am
Tags:

From this morning’s Grauniad and FT

“Informa turned down a £1.9bn offer last night from the private-equity groups Providence Equity, Carlyle and Blackstone. The consortium pitched its bid at 450p a share, below the 506p submitted in June as an indicative bid.” (emphasis added)

As with the RBI second round bids, the longer a sales process goes on, the more the value of publishing companies is reduced.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: