Reginal Thomas
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The Carlyle Group Is In Talks To Takeover Innovation Group for $770 Million

Private equity firm Carlyle is in talks to acquire Innovation Group, a British software company, for $769 million. Innovation provides software and services to aid insurers process claims. The firm said the talks may or may not lead to a definitive deal.

In the last 12 months, shares for Innovation have risen 18%.

Carlyle has until September 25 to make a firm offer for Innovation or announce it will not make a firm offer.