 On 17 June talks with UBM ended because of the rapid rise in Informa's stock price after the public disclosure of the potential merger.On 26 June a private equity consortium consisting of Providence Equity Partners, the Carlyle Group and Hellman & Friedman proposed a takeover bid offering 506 pence per share.On 1 May 2009 the company announced that it would be restructure its business so it was incorporated in Jersey but tax resident in Switzerland.