Home TopicMergers & Acquisitions Informa/UBM deal approved by shareholders

Informa/UBM deal approved by shareholders

by Nicola Macdonald

Informa has announced that the £3.9bn offer for UBM has been approved by both UBM and Informa shareholders.

Ninety-nine per cent of those voting approved the offer.

The resolution to approve the offer was passed at the Informa General Meeting, held today (17 April) at 10.30am.

While completion of the deal remains subject to the satisfaction or waiver of the conditions set out in the scheme document, Informa and UBM remain confident that the offer will complete by the end of the second quarter of 2018.

Stephen Carter (pictured), Informa group chief executive, said: “We are encouraged by the strong support from shareholders of both companies for this combination, which will create a leading, international B2B information services group.”

View the breakdown of the shareholder vote below:

Resolution

For

%

Against

%

Total cast

Votes withheld

To approve the offer

663,180,609

98.88

7,488,682

1.12

670,669,291

212,596

The voting figures will shortly be made available on the Informa website.

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