19th Sep 2008 07:00
19 September 2008
Providence Equity Partners Ltd., The Carlyle Group and The Blackstone Group (together the "Consortium")
Statement re: Informa plc ("Informa")
Following the Board of Informa's rejection of the Consortium's proposed offer, the Consortium has decided to withdraw its proposal.
For the purposes of Rule 2.8 of The City Code on Takeovers and Mergers (the "Code"), the Consortium reserves the right to make or participate in an offer for Informa (and/ or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement:
(i) following the announcement of an offer by or on behalf of a third party for Informa;
(ii) with the agreement or recommendation of the board of directors of Informa;
(iii) following the announcement by or on behalf of Informa of a "whitewash" proposal (for the purposes of Note 1 on the dispensation from Rule 9 of the Code) or a reverse takeover; or
(iv) if there is a material change in circumstances.
Enquiries:
M:Communications
(PR adviser to the Consortium)
Hugh Morrison 020 7153 1534
Ben Simons 020 7153 1540
JPMorgan Cazenove
(Financial adviser to the Consortium)
Hugo Baring 020 7588 2828
Mark Breuer 020 7588 2828
JPMorgan Cazenove Limited ('JPMorgan Cazenove') which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for the Consortium and no-one else in connection with this announcement and will not be responsible to anyone other than the Consortium for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement, or for any other transaction, arrangement or matters referred to in this announcement.
Related Shares:
Informa