MidOcean, Wasserstein to sell Penton for $1.56 bln

MidOcean Partners and Wasserstein & Co said Sept. 15 that they have agreed to sell Penton to Informa plc for $1.56 billion. The deal includes $1.46 billion of cash (plus adjustments) and $100 million of Informa stock. New York-based Penton is a professional information services company. Kirkland & Ellis LLP served as legal advisor to Penton and MidOcean. Jones Day served as legal advisor to Wasserstein.

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