Wednesday, 14 November, 2018

Is Informa overpaying for UBM?

Super Yachts Moored In South Quay As Their Owners Visit London Ahead Of The Olympics Informa has a large presence in yacht exhibitions among other sectors
Laurie Berry | 17 January, 2018, 17:26

Britain's Informa (INF.L) is in talks about a deal to buy events organiser UBM (UBM.L) for more than 3 billion pounds ($4.14 billion), rekindling plans from nearly a decade ago to create a major business media and conventions group.

The UBM Plc (LON:UBM) (UBM.L) share price has surged around 13% higher today after it became the subject of a bid from sector peer Informa PLC (LON:INF) (INF.L).

Under the cash-and-shares agreement, UBM shareholders would receive 1.083 Informa shares for each of their shares, ...

The deal, which comes nearly a decade after UBM tried to buy Informa, will give it greater scale and specialisation in events, the fastest growing part of its business, Informa said.

The proposed combined group will be owned 65.5% by Informa shareholders and 34.5% by UBM shareholders.

Trump says he's willing to make DACA deal after downplaying chances
He said that without DACA, he would have to hide in the shadows simply for not having a paper document that allows him to work. But Trump, who has also pushed for changes to family-based immigration, signaled displeasure with the senators' proposal.

In early trading this morning, shares in Informa fell more than 7 per cent, losing 54p to 693½p, while UBM jumped nearly 15 per cent, up 115½p at 902p. At that price, its offer is worth 893 pence per UBM share. As mentioned, size and scale as well as specialisation could provide the combined entity with a competitive advantage in what remains a relatively competitive industry.

According to Informa, the B2B market is continuing to move towards operating scale and industry specialisation.

Informa expects to deliver more than 3% underlying revenue growth in respected of 2017 financial year, including continued strong growth in global exhibitions and improved growth in academic publishing, business intelligence and knowledge and networking.

Carter, who will be chief executive of the new group, said the fit was better than in 2008 when UBM tried to buy Informa.

Recommended

  • 'Fable 4' for Xbox One and Windows PC in Development

    'Fable 4' for Xbox One and Windows PC in Development

    According to sources, the new Fable game will be an open-world RPG and that there are 200 people working on the game. Fable Fortune, a free-to-play card game, was released as an early access game in 2017.

    Trump Blames Dems For Blowing Up Immigration Talks

    Otherwise, he said, it will never pass the House, where many conservatives are opposed to extending protections to the Dreamers . One insider believes the discrepancy may be why some Republican senators are denying having heard the president say "shithole".
    Nintendo is revealing a

    Nintendo is revealing a "new interactive experience" for Switch today

    The new interactive experience has been "specially crafted for kids and those who are kids at heart" explains Nintendo . Nintendo has confirmed that the "new interactive experience" will be shared at 10pm GMT / 7am JST.
  • Bitcoin And Other Cryptocurrency Is Plunging Dramatically

    Bitcoin And Other Cryptocurrency Is Plunging Dramatically

    And on Tuesday, Bitcoin hit a four-week low amid worries that the country would actually go through with its planned crackdown. In addition, crypto exchange Kraken was down for longer than expected to upgrade its trading platform.
    Ex-Trump chief strategist Bannon to meet with House panel on Russia

    Ex-Trump chief strategist Bannon to meet with House panel on Russia

    A Democrat on the committee believes he was under a White House "gag order". Bannon might also get questioned about the presidential transition.
    Are January Jones and Nick Viall Dating?

    Are January Jones and Nick Viall Dating?

    Viall seems to have successfully pivoted his career towards Hollywood, a feat that's not that common in Bachelor Nation. Viall was the Bachelor on season 21 after having been on three separate Bachelor-related shows.
  • White House Doctor Says Trump in Excellent Health

    White House Doctor Says Trump in Excellent Health

    Bannon apologized a few days later, but was stripped of his job leading the pro-Trump news site Breitbart News . Jackson says Trump's 30 out of 30 score means there's no indication that Trump has any cognitive issues.
    Four players dismissed from football team

    Four players dismissed from football team

    Coney is coming off a monster junior season, during which he led the Fighting Irish in tackles (116) and tackles for loss (13). Stepherson was Notre Dame's third-leading receiver, finishing the year with 19 receptions for 359 yards and five touchdowns.
    'Solo: A Star Wars Story' First Synopsis

    'Solo: A Star Wars Story' First Synopsis

    Thandie Newton and Paul Betany also have roles in the film and Howard shared photos of them on the Pinewood set a year ago . Usually Disney releases Star Wars movies in December, so it's surprising to see this movie getting released so quickly.
  • One Star Holding Up Sanchez's Move To Man Utd

    One Star Holding Up Sanchez's Move To Man Utd

    But if you are losing Sanchez, you need players that will hit the ground running. "At this moment low, but life is dynamic". The proposed deal involves Mhkitaryan going to Arsenal along with £25 million in exchange for Sanchez.
    Bayeux Tapestry loan 'very significant': British PM

    Bayeux Tapestry loan 'very significant': British PM

    Who made the Bayeux Tapestry? "Really to see the back of it rather than a CD of images would be tremendous for scholars". The tapestry has left Normandy twice, both times for Paris - once in 1804 and again, briefly, for the Louvre in 1944.
    Shell announces oil and gas field redevelopment

    Shell announces oil and gas field redevelopment

    Engineering and construction company Fluor has been awarded the FPSO engineering, procurement and construction contract. The Penguins cluster of fields now comprises four drill centers tied back to the Brent Charlie platform.

African Union: Trump 's***hole' remarks dishonor 'American creed' African Union: Trump 's***hole' remarks dishonor 'American creed' In Senegal's capital Dakar, administrator Idrissa Fall said "we can not really say that he (Trump) is wrong". There is some internal West Wing debate over whether Trump said "shithole" or "shithouse".

Jeremy Corbyn tightens grip on Labour machine as allies win party elections Jeremy Corbyn tightens grip on Labour machine as allies win party elections Both Labour and the Conservatives have said the 2016 vote to leave the European Union should be honoured. Still, he admitted Washington is " obviously culturally and economically significant and important ".

Kevin Durant: 'You Got To Give Isaiah Thomas Some Time' Kevin Durant: 'You Got To Give Isaiah Thomas Some Time' Last fall, both Durant and Kleiman were among the speakers last fall at the annual TechCrunch Disrupt in San Francisco. I think as players with the experience on that court will only help us when it comes to that type of stuff.

Trump defends himself anew against charges that he is racist Trump defends himself anew against charges that he is racist Trump announced previous year that he will end the Obama-era DACA program unless lawmakers come up with a solution by March. David Perdue , R-Ga., said on ABC's "This Week" that Trump "did not use that word", and accused Sen.

Why We May Be Headed Toward a Government Shutdown Why We May Be Headed Toward a Government Shutdown Immigration tensions have also been immeasurably increased by Trump's reported blast at "shithole" African nations last week. Patrick Leahy, D-Vt., said a shutdown would "humiliate" the country, the president and the GOP, which controls Congress.

Australia files WTO complaint over Canada's 'discriminatory' sale of overseas wine Australia files WTO complaint over Canada's 'discriminatory' sale of overseas wine In recent years, the liquor boards have introduced a number of measures that discriminate in favour of locally produced wine. China was the largest market for the export of Vietnamese tra fish products, while the U.S. ranked second.

Shithole: US Ambassador to Nigeria Represented at Meeting With Nigerian Govt Shithole: US Ambassador to Nigeria Represented at Meeting With Nigerian Govt Following the public outcry that met the remark, Trump Friday denied it, telling journalists that he's not a racist. Media reports said Trump favoured immigrants from Norway, saying they helped the country economically.

GKN rejects Melrose's 7.4-billion-pound offer GKN rejects Melrose's 7.4-billion-pound offer Under the deal, GKN shareholders will get 1.49 new Melrose shares for each GKN share and 81 pence in cash, or 430.1 pence. GKN rose 0.7 percent to 445.20 pence at 8:15 a.m.in London, while Melrose fell 1 percent to 231.90 pence.

Meizu M6s with 5.7-inch 18:9 FHD+ display, Exynos 7872 announced Meizu M6s with 5.7-inch 18:9 FHD+ display, Exynos 7872 announced Sensors on board include accelerometer, gyroscope, ambient light sensor, digital compass, and proximity (infrared) sensor. According to Meizu , the M6s will be offered in Champagne Gold, Matte Black, Moonlight Silver and Cobalt Blue colours.

Trump performed 'exceedingly well' on cognitive test, White House doctor says Trump performed 'exceedingly well' on cognitive test, White House doctor says It has never been done on any other president he has tended to over the years , Jackson said. Jackson said the president could stand to lose 10 to 15 pounds. "He is fit for duty".

Russian researchers locate Android spyware that can steal WhatsApp messages Russian researchers locate Android spyware that can steal WhatsApp messages Skygofree is newly identified malware that is reportedly one of the most advanced surveillance spyware ever seen. Skygofree is a strain of multi-stage spyware that gives attackers full remote control of an infected device.

NVIDIA (NASDAQ:NVDA) Earning Somewhat Favorable News Coverage, Study Finds Goldman Sachs Group reiterated a buy rating and set a $228.00 price target on shares of NVIDIA in a report on Friday, January 5th. The funds in our partner's database now hold: 387.15 million shares, down from 388.29 million shares in 2017Q2. (NASDAQ:SLGN).

Microsoft brings Surface Book 2 to more markets Microsoft brings Surface Book 2 to more markets The 15-inch models have Intel UHD Graphics 620 integrated GPU or Nvidia GeForce GTX 1060 discrete GPU w/6GB VRAM. If you belong to any of the aforementioned 17 countries, you can pre-order the 15-inch Surface Book 2 here .

New Xbox Elite Controller Leaked New Xbox Elite Controller Leaked Some fans had previously complained about faulty grips with the original Elite controller, so it appears Microsoft is listening. The leaked photos have been confirmed by sources close to Microsoft that they are indeed photos of a legitimate controller.

China Develops 'World's Biggest' Air Purifier to Combat Smog China Develops 'World's Biggest' Air Purifier to Combat Smog The tower effectively covered a 10 sq km area, and testing has shown a 15 percent reduction in PM2.5 particles in the area. It was entirely powered by electricity, most of which is generated by coal-fired power plants in China.