Carlyle in talks on $770 million takeover of UK's Innovation Group

August 28, 2015 10:53 AM

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Carlyle in talks on $770 million takeover of UK's Innovation Group

LONDON U.S. private equity firm Carlyle (CG.O) is in advanced talks about buying Innovation Group (TIG.L) for 40 pence a share in cash, valuing its equity at almost 500 million pounds ($769 million), the British software company said on Friday.

Innovation, which provides software and services to help insurers process claims, said the talks may or may not lead to a deal.

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