Financial news and information business Euromoney Institutional Investor Plc is discussing a £1.56 billion ($1.91 billion) takeover approach with a private equity consortium, it said Monday.
The £14.61 per share offer from Astorg Asset Management Sarl and Epiris LLP came after four earlier offers, the company said. The suitors are required to lodge a firm offer or withdraw by July 18 according to UK takeover rules.
In 2018 Epiris bought the magazine chain Time Inc. UK, renaming it TI Media, before flipping it to Future Plc one year later.
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