(Corrects to remove reference to timing of share price move, paragraph 3)
Jan 16 (Reuters) - British event organiser UBM Plc and business media group Informa said on Tuesday they were in talks about a possible merger.
The proposed combination is to be effected by way of an acquisition of the entire capital of UBM by Informa for shares and a cash consideration, they said in a statement.
UBM’s shares rose over 5 percent, while Informa’s stock was largely unchanged on Tuesday. (Reporting by Justin George Varghese in Bengaluru; editing by Alexander Smith)