--Australia's Macquarie Group Ltd. is in the early stages of exploring a bid for M&G PLC but the valuation of any proposal is unclear, Sky News reports, citing unnamed sources.

--Macquarie is yet to make an approach to the board of the FTSE 100-listed investment manager, with sources cautioning that premature public disclosure of its interest could lead it to decide against a formal offer, Sky News reports.

Full story: https://bit.ly/3ZfVXSy

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

March 02, 2023 08:53 ET (13:53 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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