Companies
Informa in talks to merge with UBM
By Mark Roberts
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Posted 09 June 2008 @ 10:32 am GMT
Media company, Informa confirmed on Sunday that it had received an approach from United Business Media (UBM) for an all share merger. Informa said discussions were only at a preliminary stage and that there was no certainty of a deal being concluded.
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business informa media merger talks united
Share Liverpool buy-back scheme assembles business teamShould the merger go ahead the resulting entity would have a market capitalisation of around £3 billion.
Shares in both companies shot up at the news, with Informa shares rising 15 per cent to 444.8 pence per share, whilst UBM shares increased 4.2 per cent to 631 pence per share.
This article is copyrighted by the International Business Times.
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