Dow Jones Newswires First to Report on Candover Investments' Sale of Wood Mackenzie

- Candover Investments' stock rose nearly 30% in the hours following the Dow Jones Report - 


NEW YORK, June 18  /PRNewswire/ -- On June 9, 2009, Dow Jones Newswires reported that Charterhouse Capital was in exclusive talks to buy Wood Mackenzie, Candover Investments' energy research portfolio company.  In what could be the UK's biggest leveraged buy-out this year, Dow Jones reported that Charterhouse was bidding GBP550 million for Wood Mackenzie, far lower than the GBP650 million that Candover originally wanted.

The news caused Candover Investments' share price to surge nearly 30% as hopes were raised that this survival strategy might succeed, following the failure of its listed fund and parent, Candover Investments PLC. Dow Jones was nearly two hours ahead of Thomson Reuters with this market moving news, and unmatched by Bloomberg. The Financial Times ran the news the following day.

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