Ascential (GB:ASCL) has released an update.
Ascential plc has reported robust half-year 2024 results with significant revenue growth, outpacing market expectations, driven by its key segments, Lions and Money20/20. Following a strategic review, Ascential has recommended a cash offer from Informa, valuing the company at £1.2 billion, a 53% premium on its share price before the offer period. The company demonstrates a strong balance sheet, with a net cash position and continued positive cash flows, and anticipates higher revenue growth towards the end of 2024.
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