Metal Bulletin, the financial publisher, is to be acquired by Euromoney Institutional Investor for £221m. Euromoney's offer of 400 pence per share beats its previous offer in July of £187m (340 pence per share), and topples a previously agreed merger between Metal Bulletin and Wilmington. Experts believe Wilmington could now itself be vulnerable to a takeover approach. Euromoney, which is 70 percent owned by Daily Mail & General Trust, said it expected the acquisition to generate savings of around £5m and would boost profitability from year one. Analysts reported that the deal represents four times forecast revenue for Metal Bulletin, and 22 times earnings forecasts. Metal Bulletin's interim results to June 2006 showed unaudited revenue of £27.7m and profit before tax of £6.1m, an increase of 18.9 percent and 44.8 percent respectively on the previous year's interim figures.