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Equity

Informa forced to shrink equity raising for US acquisition

Informa, the UK business-to-business publishing and events group, launched a cash box placing on Tuesday morning, hoping to raise about £275m to fully fund an acquisition of Hanley Wood Exhibitions, a US events business, which was announced simultaneously. Informa got the deal done, but only raised £207m after some top shareholders said they preferred a smaller deal.

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