Wednesday, 5 August 2009

Spring to be sprung?

(By Anthony Miller – Wednesday 5th August 2009 6:30pm). Someone is sniffing around leading UK ITSA, Spring, it appears. Cash offer, too. It’s not just the local shareholders the mystery buyer will have to convince. Its largest shareholder is ET Training LLC, part of Knowledge Universe, a US-based education player founded by Michael Milliken, Lowell Milliken and Larry Ellison. If you want to see a precis of Spring’s rich heritage, you should read Spring leaps ahead. Spring is due to release its interim results next week after presaging losses (see Spring’s profit flatlines). Maybe we'll hear more then – or perhaps sooner!

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