Online greetings card retailer Moonpig Group plans to raise up to 422 million pounds ($575.65 million) from an initial public offering its bookrunner said on Tuesday, in a deal that would value it at as much as 1.2 billion pounds.
Polish media group Agora will appeal against the decision of the anti-monopoly watchdog to block its takeover of radio broadcaster Eurozet, it said in a statement late on Thursday.
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(Reuters) -Bustle Digital Group (BDG), the U.S. media platform whose publications include fashion magazine W and Bustle, is exploring a potential merger with blank-check acquisition companies which would take it public, according to a person familiar with the matter.
The company is aiming for a valuation of at least $600 million, including debt, and recently hired investment bank Farvahar Partners to identify an attractive deal with a special purpose acquisition company (SPAC), the source said.
It is possible that no deal will materialize, the source said, requesting anonymity. BDG declined to comment.
A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a privately held company which then becomes publicly traded as a result.
Bustle Digital Group (BDG), the U.S. media platform whose publications include fashion magazine W and Bustle, is exploring a potential merger with blank-check acquisition companies which would take it public, according to a person familiar with the matter.
By Reuters Staff
(Adds detail on events, chairman move, background)
Jan 6 (Reuters) - Events group Informa Plc on Wednesday forecast a more than 70% plunge in 2020 profit as the industry was ravaged by coronavirus-driven restrictions and halts in physical exhibitions worldwide.
Hundreds of global events organised by Informa were cancelled or postponed last year due to the COVID-19 pandemic, denting a major chunk of revenue for the firm behind shows including China Beauty Expo, Monaco Yacht Show, World of Concrete and Arab Health.
Mainland China resumed events since June last year, but several major markets including the United States and Europe remained virtually shut and Britain imposed another national lockdown to stem the spread of a new coronavirus variant.