It has been reported that Germany’s Herz family is to provide financial backing for GfK, Germany’s biggest market-research company, in a possible bid for UK rival Taylor Nelson Sofres Plc.
The Financial Times said that people familiar with the matter confirmed that Gunter Herz was backing GfK's all-cash bid but that “discussions are ongoing with other sources of finance, likely to be other wealthy German families, to fund a bid valuing TNS at more than €1.4 billion.”
