Informa offers £3.8bn to acquire UBM
Events and business information giants UBM and Informa have announced the terms of a merger deal. Informa has made a share and cash offer of 1.083 shares and 163p in cash for each UBM share, valuing the business at £3.8bn excluding debt. Once a media conglomerate that owned the Daily Express, UBM is now the largest pure-play b2b events organiser in the world, employing over 3,750 people. Informa’s businesses include b2b events, business intelligence and academic publishing. It employs more than 7,500 people worldwide and is valued at around £6bn.