British communications and events company UBM Plc (UBM.L) is exploring a sale of PR Newswire Association LLC in a deal that could value the distributor of press releases at more than $700 million, according to people familiar with the matter.
UBM is in discussions with potential buyers, including private equity firms, about selling PR Newswire, the people said this week. There is no certainty UBM will decide to divest the business, the people added.
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