LONDON, May 12, 2016 /PRNewswire/ --
UBM plc (LSE: UBM-LN) today notes that Innodata Inc has agreed to acquire the assets and rights to PR Newswire's Agility business from PWW Acquisition, the Cision entity which is to acquire PR Newswire.
Completion of the Agility disposal is contingent on completion of the sale of the overall PR Newswire business by UBM to Cision, a business controlled by GTCR Canyon Holdings ('the Transaction').
Completion of the Transaction remains subject to Hart-Scott-Rodino antitrust clearance in the US and the satisfaction of other customary closing conditions.
Notes to Editors
About UBM plc
UBM plc is a leading global marketing services and communications company, whose primary focus is events. We help businesses do business, bringing the world's buyers and sellers together at events, online and in print. Our 5,100 staff in more than 20 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently. Running over 400 events per year, UBM is the second largest exhibitions organiser globally and the largest independent organiser in the US and China.
Head of Investor Relations and Corporate Communications
Jon Coles, Andy Rivett-Carnac, Craig Breheny
SOURCE UBM plc