UBM agrees to acquire Advanstar for US$972m subject to shareholder approval

advanstarUBM plc announces the proposed acquisition of the entire issued and outstanding capital stock of VSS-AHC Consolidated Holdings Corp (also known as Advanstar Communications) from the current shareholders of Advanstar for a total cash consideration of US$972 million (£599 million).

The acquisition of Advanstar brings UBM market leadership in a new vertical, becominUBMg the #1 player in Fashion industry events in the US by share of unique exhibitors. It also makes UBM the #1 events business in the US by 2013 revenue and adds 5 highly profitable events which would rank among UBM’s 2013 Top 20 by revenue.

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