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Access Intelligence in talks over acquisition

28 May 2015 13:42

Access Intelligence has confirmed that it is holding talks over the proposed acquisition of the UK and Irish businesses of Cision UK Limited and Vocus UK.

GTCR Canyon UK Investments has offered to sell its Cision UK Limited and Vocus UK Limited businesses to a suitable upfront buyer able to remedy the competition concerns identified by the Competition and Markets Authority.

GTCR has proposed Access Intelligence plc or Innodata Inc. as purchasers of these businesses.

The CMA proposes to accept the proposed undertaking but before reaching a final decision, it is inviting interested parties to make their views known. The deadline for responses is 11 June.

Access Intelligence confirmed it is in discussions regarding a proposed acquisition of the business and has submitted a conditional offer to acquire assets within the business. The group says it is also carefully considering the CMA's announcement, together with the full details behind it and will make a further announcement in due course.

At 1:42pm: (LON:ACC) Access Intelligence PLC share price was +0.01p at 2.88p

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