No Merger for UBM, Informa
B-to-B companies could not agree to terms, emerge from preliminary stages.
London-based United Business Media and Informa, an academic and scientific information and events company, have ceased discussions about a potential all-share merger, the companies said Tuesday.
In separate news releases, UBM and Informa noted that the merger talks, which began several weeks ago, remained only in a preliminary stage. UBM, in its release, said its board of directors was unable to agree to terms with Informa that would be in the interest of UBM shareholders.
While the merger talks have ended, UBM “remains of the view” that a merger with Informa could “deliver significant benefits to both UBM and Informa shareholders, provide enhanced services to its customers and could become the employer of choice in the global business media market.”
Informa said it has received an offer from another company that may lead to a cash buyout. Citing takeover and merger rules, UBM says it reserves the right to make or participate in potential offers for Informa for the next six months.