Informa Plc...ended talks with buyout firms Cinven Ltd. and Candover Investments Plc, saying their offer "significantly undervalues'' the company.
Springer Science & Business Media, whose main shareholders are Cinven and Candover, offered 630 pence per share, London- based Informa said today in a Regulatory News Service statement. Informa said it's terminated discussions with the bidders.
The rejection of the offer may not be the end of the deal, Lorna Tilbian, an analyst at London-based Numis Securities said in a telephone interview. Informa did not initiate the talks and were unwilling sellers, she said....
Posted by
Peter Suber at 11/04/2006 04:20:00 PM.
The open access movement:
Putting peer-reviewed scientific and scholarly literature
on the internet. Making it available free of charge and
free of most copyright and licensing restrictions.
Removing the barriers to serious research.
I recommend the OA tracking project (OATP) as the best way to stay on top of new OA developments. You can read the OATP feed on a blog-like web page or subscribe to it by RSS, email, or Twitter. You can also help build the feed by tagging new developments you encounter.
