Pearson Seeking Up To $500 Million for Mergermarket -Bloomberg
Pearson PLC (PSO) has opened second-round bidding for its financial-information unit Mergermarket Ltd., Bloomberg reported Friday, citing people familiar with the matter.
Advent International Corp., BC Partners, Providence Equity Partners Inc., and Warburg Pincus LLC have been invited to bid on London-based Mergermarket, in the auction in which Pearson seeks as much as $500 million and which is being run by J.P. Morgan Chase & Co. (JPM), the report said.
Full story at http://www.bloomberg.com/news/2013-10-18/bc-partners-advent-said-to-be-bidding-for-mergermarket.html
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(END) Dow Jones Newswires 10-18-131323ET Copyright (c) 2013 Dow Jones & Company, Inc.