13 June 2016
DOJ files for clearance for
proposed sale of PR Newswire
UBM plc (LSE: UBM-LN) today announces that the Department of Justice has filed
its proposed settlement under the Hart-Scott-Rodino Antitrust Improvements Act
of 1976 ("HSR Act") in relation to the sale of PR Newswire to PWW Acquisition,
the Cision entity controlled by GTCR Canyon Holdings, as announced on 15
December 2015 (the "Transaction"). UBM expects the government to grant Early
Termination of the HSR Act waiting period shortly, which would then permit the
parties to close the Transaction.
- Ends -
Contacts
Kate Postans Head of Investor Relations Kate.Postans@ubm.com +44 207 921 5023
and Corporate Communications,
UBM plc
Jon Coles, Andy Rivett-Carnac, Craig Breheny ubm@brunswickgroup.com +44 207 404
5959
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.
For more information, go to www.ubm.com; for UBM corporate news, follow us on
Twitter at @UBM_plc and go to http://media.ubm.com/social for more UBM social
media options.