DOJ files for clearance for proposed sale of PR Newswire

UBM PLC - DOJ files for clearance for proposed sale of PR Newswire

PR Newswire

London, June 12

13 June 2016

DOJ files for clearance forproposed 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.

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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.

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