HgCapital mulls Wilmington bid

MEDIA firm Wilmington is in talks with private equity group HgCapital about a possible takeover, according to a Sunday newspaper report.

By The Newsroom

Published 27th Jul 2008, 01:00 BST

It is said that HgCapital will decide in the next few weeks whether to make a formal offer for Wilmington, which organises events and publishes magazines such as Solicitors Journal and Press Gazette.

The firm's shares, which have fallen more than 20 per cent this year, closed on Friday at 166.5p, valuing it at about 138 million.