Jan 10 (Reuters) - Informa PLC INF.L:

• TECHTARGET TO EXPAND SCALE AND LEADERSHIP POSITION IN B2B DATA AND MARKET ACCESS THROUGH STRATEGIC COMBINATION WITH INFORMA TECH’S DIGITAL BUSINESSES

• TECHTARGET INC - TECHTARGET SHAREHOLDERS TO RECEIVE APPROXIMATELY $11.79 PER SHARE IN CASH AND RETAIN A 43% STAKE IN NEW TECHTARGET IN DEAL

• TECHTARGET INC - INFORMA PLC TO CONTRIBUTE INFORMA TECH'S DIGITAL BUSINESSES AND $350 MILLION OF CASH IN EXCHANGE FOR 57% STAKE IN NEW TECHTARGET

• TECHTARGET INC - EXPECTS TO REPORT REVENUE OF APPROXIMATELY $230 MILLION AND ADJUSTED EBITDA OF APPROXIMATELY $70 MILLION FOR YEAR ENDED DECEMBER 31, 2023

• TECHTARGET INC - INFORMA TECH ASSETS BEING CONTRIBUTED EXPECTED TO GENERATE 2024 REVENUE OF ABOUT $275 MILLION AND ADJUSTED EBITDA OF ABOUT $50 MILLION

• TECHTARGET INC - NEW TECHTARGET'S OPERATING PLAN FORECASTS DOUBLE-DIGIT ORGANIC REVENUE GROWTH, MORE THAN 50% REVENUE UNDER LONG-TERM CONTRACTS

• TECHTARGET INC - NEW TECHTARGET FORECASTS $45 MILLION IN TOTAL ANNUAL EBITDA SYNERGIES WITHIN THREE YEARS OF DEAL CLOSING

• TECHTARGET INC - GARY NUGENT, CURRENT CEO OF INFORMA TECH, WILL RELOCATE FROM LONDON TO NEWTON AND SERVE AS CEO OF NEW TECHTARGET

• TECHTARGET INC - MICHAEL COTOIA, CURRENT CEO OF CO, TO BE SPECIAL ADVISOR TO CEO, FOCUSED PRIMARILY ON ENSURING A SMOOTH COMBINATION POST-CLOSING

Source text for Eikon: ID:nBw4GZcrPa

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