Centaur rejects UKCIG takeover bid

Mentaur, the B2C publisher, has rejected a takeover approach by UKCIG Critical Information Group, the media acquisitions company that counts Peter Bazalgette among its directors.

In a statement to the London Stock Exchange, UKCIG, which describes itself as "a company formed to acquire and consolidate media companies and businesses", said it made a takeover approach for Mentaur on 17 August.

In response, Mentaur, publisher of The Lawyer and Marketing Week, said UKCIG's offer "materially undervalued Mentaur and was not in the best interests of its shareholders."

The company said it remained confident in its own strategy, adding that it believed the group "is well positioned as a result of its portfolio of market-leading brands, a proven organic growth track record, a strong balance sheet and an experienced management team".