January 16, 2018 / 5:17 PM / a year ago

CORRECTED-UBM and Informa in talks over possible merger, UBM shares jump

(Corrects to remove reference to timing of share price move, paragraph 3)

Jan 16 (Reuters) - British event organiser UBM Plc and business media group Informa said on Tuesday they were in talks about a possible merger.

The proposed combination is to be effected by way of an acquisition of the entire capital of UBM by Informa for shares and a cash consideration, they said in a statement.

UBM’s shares rose over 5 percent, while Informa’s stock was largely unchanged on Tuesday. (Reporting by Justin George Varghese in Bengaluru; editing by Alexander Smith)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below