TechTarget Announces Shareholder Approval for Combination with Informa Tech’s Digital Businesses
November 26 2024 - 5:00PM
Business Wire
TechTarget (Nasdaq: TTGT) today announced that at its Special
Meeting of Stockholders held on November 26, 2024, its shareholders
approved the previously announced transaction between TechTarget
and Informa PLC (LSE: INF.L), whereby Informa PLC will combine
Informa Tech’s digital businesses with TechTarget to create a
leading global B2B growth accelerator under a new holding company
(“New TechTarget”).
The parties anticipate closing the transaction on December 2,
2024. Upon completion of the transaction, New TechTarget’s shares
of common stock are expected trade on Nasdaq under the stock ticker
symbol “TTGT”.
A final report on the results of the Special Meeting of
Stockholders will be made available on a Form 8-K to be filed with
the Securities and Exchange Commission.
About TechTarget
TechTarget (Nasdaq: TTGT) is the global leader in purchase
intent-driven marketing and sales services that deliver business
impact for enterprise technology companies. By creating abundant,
high-quality editorial content across approximately 150 websites
and 1,000 webinars and virtual event channels, TechTarget attracts
and nurtures communities of technology buyers researching their
companies’ information technology needs. By understanding these
buyers’ content consumption behaviors, TechTarget creates the
purchase intent insights that fuel efficient and effective
marketing and sales activities for clients around the world.
TechTarget and its subsidiaries have offices in Boston, London,
Munich, New York, Paris, Singapore and Sydney. For more
information, visit techtarget.com and follow us on Twitter
@TechTarget.
About Informa Tech
Informa Tech is a leading provider of market insight and market
access to the global business technology community. Through
in-depth expertise and an engaged audience community, Informa Tech
helps business professionals make better technology decisions and
marketers reach the most powerful tech buyers and influencers in
the world. Across its portfolio of over 100+ trusted brands,
Informa Tech has over 1000 industry experts, including over 400
research analysts and consultants in global research group Omdia,
and a monthly audience reach of over 125 million. Informa Tech is a
division of FTSE 100 company Informa plc. For more information,
visit informatech.com
The digital businesses of Informa Tech being combined with
TechTarget include Industry Dive (Specialist B2B Content/Brands),
Omdia (Specialist Tech Research), NetLine (Demand Generation and
Buyer Intent), and other Specialist Tech Digital Media Brands (eg
Information Week, Light Reading, Heavy Reading, AI Business).
Additional Information and Where to Find It
In connection with the Transaction, CombineCo filed with the
Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (File
No. 333-280529) (the “Registration
Statement”) containing a proxy statement of the Company that
also constitutes a prospectus of CombineCo (the “Proxy Statement/Prospectus”). The Registration
Statement was declared effective by the SEC on October 25, 2024,
and was first mailed to the Company’s stockholders on or about
October 25, 2024. The Company and CombineCo may also file other
documents with the SEC regarding the Transaction. This
communication is not a substitute for any proxy statement,
registration statement or prospectus, or any other document that
the Company or CombineCo (as applicable) may file with the SEC in
connection with the proposed transaction. BEFORE MAKING ANY VOTING
OR INVESTMENT DECISION, COMPANY INVESTORS AND SECURITY HOLDERS ARE
URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE DEFINITIVE PROXY
STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE
FILED OR WILL BE FILED BY THE COMPANY OR COMBINECO WITH THE SEC, AS
WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN
CONNECTION WITH THE TRANSACTION WHEN THEY BECOME AVAILABLE, BECAUSE
THESE DOCUMENTS CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE TRANSACTION AND RELATED MATTERS. Company investors and security
holders may obtain free copies of the definitive Proxy
Statement/Prospectus filed on October 25, 2024, as well as other
filings containing important information about the Company,
CombineCo, and other parties to the proposed transaction (including
Informa), without charge through the website maintained by the SEC
at www.sec.gov. Copies of the documents filed with the SEC by the
Company will be available free of charge under the tab “Financials”
on the “Investor Relations” page of the Company’s internet website
at investor.techtarget.com or by contacting the Company’s Investor
Relations Department at investor@techtarget.com.
Participants in the Solicitation
The Company, CombineCo and Informa, and their respective
directors and certain of their respective executive officers and
employees, may be deemed to be participants in the solicitation of
proxies from the Company’s stockholders in connection with the
proposed transaction. Information regarding the directors of
Informa is contained in Informa’s annual reports and accounts
available on Informa’s website at www.informa.com/investors and in
the National Storage Mechanism at
data.fca.org.uk/#/nsm/nationalstoragemechanism. Information
regarding the directors and executive officers of the Company is
contained in the Company’s proxy statement for its 2024 annual
meeting of stockholders, filed with the SEC on April 17, 2024, and
in other documents subsequently filed with the SEC. Additional
information regarding the participants in the proxy solicitations
and a description of their direct or indirect interests, by
security holdings or otherwise, is included in the definitive Proxy
Statement/Prospectus filed on October 25, 2024 and may be contained
in other relevant materials that are filed or will be filed with
the SEC (when they become available). These documents can be
obtained free of charge from the sources indicated above.
No Offer or Solicitation
This document is for informational purposes only and is not
intended to and does not constitute an offer to sell or the
solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any offer, solicitation
or sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241126302539/en/
TechTarget, Media: Chris Kittredge or Ben Spicehandler
techtarget@fgsglobal.com
TechTarget, Investor Relations: Dan Noreck
dnoreck@techtarget.com
TechTarget (NASDAQ:TTGT)
Historical Stock Chart
From Dec 2024 to Jan 2025
TechTarget (NASDAQ:TTGT)
Historical Stock Chart
From Jan 2024 to Jan 2025