Brief: Informa Makes Cash Offer To Buy Ascential

Ascential

24/07/2024 07:25

July 24 (Reuters) - Informa PLC  INF.L :
    * RECOMMENDED CASH OFFER FOR ASCENTIAL PLC
    * OFFERS 568 PENCE PER ASCENTIAL SHARE
    * OFFER VALUES ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL
OF
ASCENTIAL AT APPROXIMATELY £1.2 BILLION
    * EXPECTS SIGNIFICANT REVENUE OPPORTUNITIES TO ARISE THROUGH
COMBINATION
    * BELIEVES OFFER IMPLIES A LOW DOUBLE-DIGIT MULTIPLE OF
ENTERPRISE
VALUE TO ASCENTIAL'S ESTIMATED EBITDA IN 2025
    * EXPECTS ADDITION OF ASCENTIAL TO DELIVER 5% +ACCRETION TO
ADJUSTED EPS IN FIRST FY OF OWNERSHIP
    * ASCENTIAL DIRECTORS INTEND TO RECOMMEND UNANIMOUSLY OFFER
TO
ASCENTIAL SHAREHOLDERS

Source text for Workspace:  ID:nRSX6184Xa 
Further company coverage:  INF.L , ASCL.L 

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