EQT Opts For $1B Springer IPO Over Proposed Buyout

Law360, New York (June 14, 2013, 1:39 PM EDT) -- German publisher Springer Science+Business Media Deutschland GmbH will proceed with an initial public offering expected to rake in about $1 billion, it said Friday, dousing speculation that private equity owner EQT Partners AB would instead go with a full buyout offer.

The announcement came a day after media reports bubbled up saying that European investment firm BC Partners was the last bidder standing in the company's auction process and had offered roughly $4 billion for a full takeover. Springer's current owners, EQT and the Government of...
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