UK's Ascential weighs $1.5 billion buyout offer from Informa
23/07/2024 18:04
July 23 (Reuters) - Information and analytics firm Ascential Plc
ASCL.L said on Tuesday it is in advanced talks with Informa Plc INF.L
related to a 1.16 billion pound ($1.50 billion) buyout proposal from the British
events organiser.
Ascential said the 568 pence per share cash offer came after multiple
approaches from Informa in recent months.
The company, which owns the Cannes Lions Festival, added that it has already
informed Informa that its board is minded to recommend the proposal.
A spokesperson from Informa declined to comment. The company is scheduled to
report its 2024 half yearly results on Wednesday.
($1 = 0.7748 pounds)
(Reporting by Raechel Thankam Job; Editing by Shailesh Kuber)
((RaechelThankam.Job@thomsonreuters.com;))