BRIEF-Ascential To Sell Digital Commerce, WGSN For Combined Enterprise Value Of 1.4 Bln Stg

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Oct 30 (Reuters) - Ascential PLC ASCL.L:

  • PROPOSED SALE OF DIGITAL COMMERCE AND WGSN

  • PROPOSED SALE OF DIGITAL COMMERCE AND WGSN FOR A COMBINED ENTERPRISE VALUE OF £1.4 BILLION AND CASH PROCEEDS OF £1.2 BILLION

  • INTENTION TO DISTRIBUTE APPROXIMATELY £850 MILLION TO SHAREHOLDERS

  • AGREEMENT TO SELL WGSN TO BIDCO FOR A TOTAL ENTERPRISE VALUE OF UP TO £700 MILLION

  • EXPECTS TO IMPLEMENT RETURN OF VALUE TO SHAREHOLDERS BY WAY OF A SPECIAL DIVIDEND

  • AFTER DEALS, ASCENTIAL GROUP WILL BE COMPOSED SUBSTANTIALLY OF EVENTS BUSINESS

  • BOARD OF HUDSON MX HAS INITIATED A SALE OF HUDSON MX BUSINESS

  • AFTER DIGITAL COMMERCE SALE, CO'S CEO DUNCAN PAINTER TO JOIN OMNICOM AND BECOME CEO OF FLYWHEEL DIGITAL

  • CHAIRMAN SCOTT FORBES & CFO MANDY GRADDEN TO CONTINUE IN THEIR ROLES

Source text for Eikon: ID:nRSd6863Ra

Further company coverage: ASCL.L


((Reuters.Briefs@thomsonreuters.com;))

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