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Morgan Lewis Advises UBM plc in $841M PR Newswire Sale

Dec 15, 2015 - GlobeNewswire

NEW YORK and LONDON, Dec. 15, 2015 (GLOBE NEWSWIRE) -- Morgan Lewis client UBM plc, one of the world's leading B2B events organizers, today announced that it has reached an agreement for the sale of PR Newswire to Cision, a business controlled by GTCR Canyon Holdings (Cayman), L.P., for $841 million, comprising $810 million in cash and $31 million of preferred equity (on a fair value basis).

The Morgan Lewis team representing UBM in this matter was led by partners Charles Engros and Jona...