Yell for Sale?

It appears Yell Group may be the target of an unnamed private equity group hoping to pursue an LBO of Yell, which is the leading YP publisher in the U.K. and Spain and the largest U.S. independent publisher through its Yellow Book subsidiary.

Here is what we found on ShareCast today, citing the Financial Times:

Yell Group was the latest company to be swept up by the takeover speculation bandwagon, with shares in the telephone directories publisher climbing on rumours that a private equity group was running the numbers on a leveraged buyout, says the Times.