Informa Consortium Given Deadline

LONDON (Reuters) – A consortium of private equity companies interested in buying British publishing and conference group Informa (INF.L) must announce a firm intention to make an offer or walk away by Sept. 26, Britain’s takeover panel said.

 

Informa has rejected an offer of 450 pence per share from Carlyle Group, Providence Equity Partners and Blackstone (BX.N) that values the company at about 1.9 billion pounds ($3.3 billion). The consortium had made a preliminary offer of 506 pence per share. (Reporting by Georgina Prodhan)