Buyout firm Cinven says Sanne rejects $1.90 billion takeover proposal By Reuters

(Reuters) – Cinven said on Friday London-listed alternative asset and corporate services firm Sanne Group had rejected the private-equity firm’s 1.35-billion-pound ($1.90 billion) buyout offer.

Cinven, which made a 830 pence per share offer to Sanne earlier this month, said it was considering its position. It has until June 11 to make a firm offer or walk away.