Ascential (GB:ASCL) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Ascential PLC has announced an update on its acquisition by Informa PLC, following shareholder approval and regulatory clearances. The acquisition, to be conducted via a scheme of arrangement, is progressing towards a court sanction hearing scheduled for October 8, 2024. However, Ascential has indicated that the sale of Hudson MX is unlikely to yield proceeds that would allow for a distribution to shareholders under the scheme’s terms.
For further insights into GB:ASCL stock, check out TipRanks’ Stock Analysis page.
