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July 28, 2008

Informa takeover approach expected within days

By paulmcnally

A consortium of private equity groups circling B2B publisher Informa could finalise the funding for a formal bid as early as this week, according to the Daily Telegraph.

Shares in Informa rose 4.75p to 417.25p on Friday on the back of the news, although there are fears that Providence, Carlyle and Hellman & Friedman might still find it difficult to move quickly given the current conditions in the debt market.

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