Edition:
United Kingdom

Informa Offers To Buy UBM Plc


Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - UBM PLC ::PROPOSED COMBINATION OF INFORMA PLC AND UBM PLC.PROPOSED COMBINATION OF INFORMA PLC AND UBM PLC TO CREATE LEADING B2B INFORMATION SERVICES GROUP.‍PROPOSED COMBINATION WOULD BE IMPLEMENTED THROUGH A SHARE AND CASH OFFER BY INFORMA FOR ENTIRE SHARE CAPITAL OF UBM​.‍UNDER TERMS OF PROPOSED COMBINATION, UBM SHAREHOLDERS WOULD RECEIVE: FOR EACH UBM SHARE: 1.083 INFORMA SHARES; AND 163 PENCE IN CASH​.COMBINED GROUP WILL BE OWNED C. 65.5% BY INFORMA SHAREHOLDERS AND C. 34.5% BY UBM SHAREHOLDERS.‍DISCUSSIONS BETWEEN PARTIES REMAIN ONGOING REGARDING OTHER TERMS AND CONDITIONS OF PROPOSED COMBINATION​.PROPOSED COMBINATION IS EXPECTED TO RESULT IN SIGNIFICANT SYNERGIES FOR COMBINED GROUP.DEREK MAPP, CHAIRMAN OF INFORMA PLC, WOULD BE CHAIRMAN OF COMBINED GROUP.‍UBM SHAREHOLDERS WOULD BE ENTITLED TO RECEIVE FINAL UBM DIVIDEND IN RESPECT OF YEAR ENDED 31 DECEMBER 2017​.STEPHEN A. CARTER, CHIEF EXECUTIVE OF INFORMA PLC, WOULD BE CHIEF EXECUTIVE OF COMBINED GROUP.