Informa (£6bn market capitalisation) has just officially announced a bid for rival and competitor UBM (£3bn capitalisation) whose shareholders will each be offered 1.083 Informa shares and 163p in cash. Informa will hold 65.5% of the new firm, with UBM owning 34.5%. Note that Informa has said that the Boards of the two companies are expected to approve the deal. The latter will create an events giant as UBM is the world no.2 events organiser behind RELX.
