Euromoney Gets £1.6 Billion Private Equity Takeover Approach

Financial news and information business Euromoney Institutional Investor Plc is discussing a £1.6 billion ($1.96 billion) takeover approach with a private equity consortium, it said Monday.

The £14.61 per share cash offer from Luxembourg-based private equity manager Astorg Asset Management Sarl and British firm Epiris LLP came after four earlier offers, the company said.