UBM has moved a step closer towards the acquisition of US organiser Advanstar. The American firm, valued at US$972 million (£599 million) specialises in fashion, licensing, life sciences and powersports events. The deal would make UBM the top events business in the US based on 2013 revenue and would add five events which would rank among UBM’s Top 20 last year. UBM directors said the acquisit...