May 31, 2018 / 6:26 AM / 3 months ago

Britain's competition watchdog clears Informa-UBM deal

(Reuters) - Britain’s Competition and Markets Authority (CMA) said on Thursday that Informa’s (INF.L) 5.6 billion pound ($7.45 billion) takeover of rival UBM UBM.L did not qualify for an investigation.

The deal, announced in December, will create a global leader in business events and conferences, almost a decade after UBM tried to buy Informa.

Reporting by Arathy S Nair in Bengaluru; editing by Kate Holton

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