Innovation Group confirms potential £491m bid from Carlyle
Private equity could be set to bid 40p per share.
Innovation Group has confirmed a potential 40p per share cash bid from private equity firm The Carlyle Group, according to a statement on the London Stock Exchange.
This deal would value the company at £491m.
Shares in Innovation closed at 35.25p yesterday and at the time of writing had risen 8.5% to 38.25p.
The statement noted that while that Innovation Group is in "advanced discussions" with Carlyle, there "can be no certainty that an offer will be made, nor as to the terms on which any offer
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