3rd Nov 2006 15:52
Informa PLC03 November 2006 3 November 2006 Informa plc Statement regarding approach Further to the announcement dated 19 October, Informa plc ("Informa" or the"Company") announces that, following discussions with Springer Science +Business Media ("SSBM"), whose principal shareholders are Cinven and Candover,it has today received a final proposal from SSBM regarding a possible offer forthe entire issued and to be issued share capital of the Company at 630p pershare in cash. This proposal was subject, inter alia, to various pre-conditionsincluding financing and due diligence. The Board believes that this offer significantly undervalues Informa and itsfuture prospects. Informa is currently trading comfortably in line with theBoard's expectations for 2006 and the Board is confident of another strong setof results in 2007. Consequently, the Board believes Informa will delivershareholder value in excess of this possible offer and has therefore rejectedthe proposal and has terminated discussions with SSBM. Enquiries: The Maitland Consultancy Angus Maitland - 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Informa