30th Apr 2015 10:37
LONDON (Alliance News) - FTSE 250-listed communications and media company UBM PLC is exploring a sale of its PR Newswire Association LLC business in a deal that could value the press release distributor at over USD700 million, Reuters reports.
Citing sources familiar with the matter, Reuters said UBM is holding talks with potential suitors, including private equity firms.
UBM declined to comment to to Reuters, while a PR Newswire spokeswoman was not immediately available for comment.
http://uk.reuters.com/article/2015/04/29/us-prnewswire-m-a-ubm-exclusive-idUKKBN0NK29720150429
By Sam Unsted; [email protected]; @SamUAtAlliance
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