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Informa and UBM talks off

Talks between Informa, best know in the UK legal market for the Islington Legal IT exhibition, the Turnberry Legal IT Forum and the nocturnally-challenging By Legal For Legal, has ended merger talks with United Business Media (UBM). The company is now in talks with a private equity consortium. UBM issued a statement saying it had been “unable to agree terms with Informa that would be in the best interests of UBM shareholders. Discussion between UBM and Informa have therefore ceased”.