OLD Media Moves

Euromoney Institutional Investor gets $2B takeover offer

Financial news and information business Euromoney Institutional Investor Plc is discussing a $1.96 billion takeover offer from a private equity consortium, reports Thomas Seal of Bloomberg News.

Seal reports, “The current offer represents a premium of 33.6% compared to its Friday market value, according to Bloomberg calculations. Euromoney’s share price peaked at £14.98 in Sept. 2019 prior to the pandemic shutting down the global events business.

“Euromoney’s shares rose as much as 29% to £14.12 in early trading in London, Monday, the biggest intraday move in over 20 years.

“London-based Euromoney sells subscriptions to financial professionals and also runs events, a business line which rivals like Informa Plc are seeing bounce back as global pandemic restrictions lift. The Daily Mail group previously held a large stake before spinning it out in a shareholder distribution in 2019.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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