Ascential in Advanced Talks with Informa for £1.16 Billion Buyout

Ascential Plc, a prominent information and analytics firm, has revealed that it is engaged in advanced negotiations with Informa Plc concerning a potential buyout valued at £1.16 billion ($1.50 billion). This development comes after several approaches from Informa in recent months.

The proposed deal, announced on July 23, 2024, involves a cash offer of 568 pence per share. Ascential has indicated that its board is inclined to recommend the proposal to shareholders, signaling a potential significant shift in the information services landscape.

Ascential, known for owning the prestigious Cannes Lions Festival, has been a key player in the information and analytics sector since its rebranding from EMAP in 2016. The company has established a strong presence in the B2B information services market, also operating the Money20/20 fintech conference series.

On the other hand, Informa Plc, a British events organizer and academic publishing company, has been expanding its portfolio since its formation in 1998 through the merger of IBC Group plc and LLP Group plc. As a constituent of the FTSE 100 Index, Informa organizes over 500 events annually across various sectors, demonstrating its significant influence in the industry.

The potential acquisition could create a powerhouse in the information services and events sector, combining Ascential's analytics expertise with Informa's extensive event organization capabilities. This merger would bring together two companies with a rich history in the B2B information market.

When approached for comment, a spokesperson from Informa declined to provide any statement. The company is scheduled to report its 2024 half-yearly results on July 24, 2024, which may shed more light on this proposed acquisition.

As of the announcement date, the exchange rate stood at $1 = 0.7748 pounds, highlighting the international significance of this potential deal in the global business landscape.

"Ascential said the 568 pence per share cash offer came after multiple approaches from Informa in recent months."

This proposed buyout represents a significant development in the information services industry, potentially reshaping the competitive landscape and offering new opportunities for growth and innovation in the sector.