- Private equity company Charterhouse Funds said it had agreed to acquire events and business-to-business media group Tarsus for £561m.

Tarsus investors were offered 425p for each of their shares in the company, representing a 36% premium to their closing price on Thursday.

Charterhouse Funds said it believed the global exhibitions market was an attractive sector, with strong growth drivers, margins and cash generation.

'Tarsus's events and brands cover a diverse range of industries and sectors, and the group has significant exposure to the world's largest exhibition markets, the US and China, and fast-growing emerging markets such as Mexico and South East Asia,' it said.

At 9:30am: [LON:TRS] Tarsus PLC share price was +115.5p at 427.5p

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