SBD/Closing Bell

Morgan Stanley, Evercore Partners May Handle IMG Worldwide Sale

Forstmann Little & Co. is working with Morgan Stanley and Evercore Partners "to find a buyer for IMG Worldwide," according to sources. Non-disclosure agreements will "probably go out to suitors in a couple of weeks, with first-round bids likely due in July." Possible bidders include Guggenheim Partners, Silver Lake Management LLC and CAA (BLOOMBERG NEWS, 5/2).
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