Informa has just announced the acquisition from MidOceanPartners and Wasserstein of the US group Penton Information Services for £1.2bn. The operation will be funded through the issuance of new debt and a fully-underwritten £715m rights issue (at 441p each for every four existing shares; a 36% discount to yesterday’s share price) expected to occur on 11 October 2016 just after the 10 October General Meeting for Shareholders. The completion of the operation is scheduled for N
15 Sep 2016
Extending its US presence in Exhibitions and Business Information
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Extending its US presence in Exhibitions and Business Information
Informa Plc (INF:LON) | 835 -18.4 (-0.3%) | Mkt Cap: 11,390m
- Published:
15 Sep 2016 -
Author:
Véronique Cabioc'h -
Pages:
3
Informa has just announced the acquisition from MidOceanPartners and Wasserstein of the US group Penton Information Services for £1.2bn. The operation will be funded through the issuance of new debt and a fully-underwritten £715m rights issue (at 441p each for every four existing shares; a 36% discount to yesterday’s share price) expected to occur on 11 October 2016 just after the 10 October General Meeting for Shareholders. The completion of the operation is scheduled for N