Hyve Group has confirmed a bid approach by US private equity firm Providence Equity that values the events group at about £306m.
Best known for its large-scale international events such as Pure London, Hyve said the offer would be in cash at 105p per share, compared to a market price of 98.9p, up 15% on the news.
Hyve’s board said it is considering the offer, according to a statement, which followed a previous approach worth 101p per share.
