TechTarget Announces Shareholder Approval for Combination with Informa Tech’s Digital Businesses
TechTarget (TTGT) shareholders have approved the previously announced merger with Informa Tech's digital businesses at a Special Meeting of Stockholders on November 26, 2024. The transaction, expected to close on December 2, 2024, will create a new holding company called New TechTarget, which will continue trading on Nasdaq under the ticker symbol 'TTGT'. The combination aims to establish a leading global B2B growth accelerator.
Gli azionisti di TechTarget (TTGT) hanno approvato la fusione precedentemente annunciata con le attività digitali di Informa Tech in occasione di una riunione speciale degli azionisti tenutasi il 26 novembre 2024. La transazione, che dovrebbe chiudersi il 2 dicembre 2024, darà vita a una nuova holding chiamata New TechTarget, che continuerà a essere quotata al Nasdaq con il simbolo 'TTGT'. L'obiettivo della combinazione è quello di stabilire un acceleratore di crescita B2B leader a livello globale.
Los accionistas de TechTarget (TTGT) han aprobado la fusión previamente anunciada con los negocios digitales de Informa Tech durante una reunión especial de accionistas el 26 de noviembre de 2024. La transacción, que se espera que se cierre el 2 de diciembre de 2024, dará lugar a una nueva compañía holding llamada New TechTarget, que continuará cotizando en Nasdaq bajo el símbolo 'TTGT'. La combinación tiene como objetivo establecer un acelerador de crecimiento B2B líder a nivel global.
테크타겟(TechTarget, TTGT)의 주주들은 2024년 11월 26일 특별 주주총회에서 인포마 테크의 디지털 사업과의 합병을 승인했습니다. 이번 거래는 2024년 12월 2일에 마무리될 예정이며, 뉴 테크타겟(New TechTarget)이라는 새로운 지주회사가 설립될 것입니다. 이는 'TTGT'라는 주식 기호로 나스닥에서 계속 거래될 예정입니다. 이번 조합은 글로벌 B2B 성장 촉진제의 선두주자로 자리잡기 위한 것입니다.
Les actionnaires de TechTarget (TTGT) ont approuvé la fusion précédemment annoncée avec les activités numériques d'Informa Tech lors d'une réunion extraordinaire des actionnaires le 26 novembre 2024. La transaction, qui devrait se conclure le 2 décembre 2024, donnera naissance à une nouvelle société holding appelée New TechTarget, qui continuera à être cotée sur le Nasdaq sous le symbole 'TTGT'. Cette combinaison vise à établir un accélérateur de croissance B2B de premier plan à l'échelle mondiale.
Die Aktionäre von TechTarget (TTGT) haben bei einer außerordentlichen Hauptversammlung am 26. November 2024 die zuvor angekündigte Fusion mit den digitalen Geschäften von Informa Tech genehmigt. Die Transaktion, die voraussichtlich am 2. Dezember 2024 abgeschlossen wird, wird ein neues Holding-Unternehmen namens New TechTarget schaffen, das weiterhin unter dem Tickersymbol 'TTGT' an der Nasdaq gehandelt wird. Die Kombination zielt darauf ab, einen führenden globalen B2B-Wachstumsbeschleuniger zu etablieren.
- Strategic merger approval creating a leading global B2B growth accelerator
- Maintaining Nasdaq listing under TTGT symbol, ensuring market continuity
- None.
Insights
This merger approval marks a significant strategic move in the B2B tech media and marketing space. The combination with Informa Tech's digital assets will create a more robust entity with enhanced market reach and revenue potential. The deal's imminent closure on December 2nd and continued NASDAQ listing under TTGT maintains market continuity while potentially offering new growth vectors.
The merger positions New TechTarget to leverage complementary strengths: TechTarget's intent data and lead generation capabilities combined with Informa Tech's global presence and digital portfolio should create meaningful synergies. Key value drivers include:
- Expanded global market presence
- Enhanced digital asset portfolio
- Stronger competitive positioning in B2B tech marketing
- Potential for operational synergies and cost efficiencies
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
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
Source: TechTarget, Inc.
FAQ
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