January 30, 2018 / 7:13 AM / 8 months ago

Informa confirms $5.3 bln UBM deal

LONDON, Jan 30 (Reuters) - Britain’s Informa sealed its 3.8 billion pound ($5.3 billion)takeover of conference organiser UBM on Tuesday, creating an enlarged business information and events firm.

Informa will pay 1.083 new Informa shares and 163 pence in cash for each UBM shares under the terms of the deal, in line with an announcement earlier this month.

$1 = 0.7135 pounds Reporting by Paul Sandle; editing by Kate Holton

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