Informa says proposed Penton deal okayed by shareholders

Informa said the proposed £1.2bn acquisition of Penton Information Services has been overwhelming (ie 99.94%) approved by shareholders.

It said the US-based addition, funded by a fully-underwritten £715m rights issue, will create portfolio balance and breadth by further strengthening Global Exhibitions and Business Intelligence Divisions, expanding US presence and enhancing earnings.

At 2:14pm: (LON:INF) Informa PLC share price was -2.25p at 731.25p