Monday, November 23, 2009

D&B, Carlyle named as possible InfoGroup bidders

Reuters news service has reported that Dun & Bradstreet and private equity company Carlyle Group are possible bidders to purchase direct marketing holding company InfoGroup. Reuters cited sources familiar with the negotiations.
Also named as a possible bidder by the news service was interactive marketing services company Acxiom Corp., but on Wednesday Acxiom issued a statement denying it was interested in acquiring InfoGroup.
The Omaha World-Herald reported that InfoGroup was on the block and that at least 33 potential bidders had signed confidentiality agreements to gain access to financial information to prepare offers. Late last year the company hired financial adviser Evercore Partners to help determine future plans.
The company did not deny the report, saying it is “continually evaluating the operations and prospects for the company to determine what course is best for our shareholders.”
http://www.btobonline.com/apps/pbcs.dll/article?AID=/20091111/FREE/911119997/1078/newsletter011