Informa Ends Merger Talks With UBM; Gets Another Approach
This story was written by Rafat Ali.
The big B2B merger was not to be...United Business Media (LSE: UBM) and Informa have ended merger talks, the two companies notified today. They said the talks between them remained at a very prelim stage, and never moved beyond it...wonder if the stories about UBM actually buying Informa instead of a merger, and possibly replacing the latter's CEO had anything to do with the ending of talks.
But Informa said it has received more interest. "It has received a further approach from a third party that may or may not lead to a takeover offer in cash being made for the company".
By Rafat Ali