Investor firm says InfoGroup sale price is too low: report

Share this article:

Hotchkis and Wiley Capital Management, the investment firm that owns nearly 6% of InfoGroup's stock, sent a letter to InfoGroup's board this week saying that CCMP Capital Advisors' $460 million offer is too low, according to a report from the Associated Press.

However, InfoGroup's two largest shareholders, which own a combined 36% of the company's stock, support the sale to CCMP, according to the AP.

CCMP bought Infogroup for a total of $635 million, including debt refinancing, in March.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Direct Line Blog

Sign up to our newsletters

Latest Jobs:


Company of the week

Data Services, Inc. meets the needs of today's data-driven marketer by providing front-end database management and data analytics platforms alongside our expertise in global contact data quality, database building and ongoing maintenance that comes with our 45+ years in business.


Find out more here »