London, 17th January: Earlier this week, London-listed UBM plc and Informa plc, announced that they were engaged in serious acquisition discussions. Within 24 hours, it was announced that Informa would acquire UBM in a US$5.2 billion deal. The deal is still pending approval from the two boards and relevant regulators. Together, the two companies will become the world’s largest exhibition organiser with a global market share of approximately 6%.
Under the terms of the proposed acquisition, UBM shareholders will receive 1.083 Informa shares and 163 pence in cash for each share of UBM. This is based on the 30-day volume-weighted average share prices as of 15th January 2018 of both companies, and the closing prices on 15th January 2018 of both companies. In total, this price represents a premium of about 30%.