A fresh wave of takeover activity has swept through the City as events firm Informa announces plans to buy its rival Clarion, while another London-listed firm is targeted by a foreign rival.
Informa, which runs events including the Monaco Yacht Show, announced plans to buy Clarion Events from Blackstone for £2.24billion as it expands its fast-growing live events business.
The blue-chip firm will tap shareholders for £940million to finance the acquisition of Clarion, which will bring 100 more live events under the Informa brand, including DSEI, London’s defence conference.
Chief executive Stephen Carter said the takeover ‘will underscore Informa as the UK-listed, international
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