Ascential Agrees to Sell to Informa for £1.2bn
From Exhibition News: Informa has had a £1.2bn offer to buy the owner of the Cannes Lions International Festival of Creativity and Money20/20 accepted by Ascential’s shareholders. The offer of 568 pence in cash per share represents a 53% premium to Ascential’s closing share price of 371 pence on Monday, the day before the ‘unsolicited’…