TechTarget shareholders greenlight major business combination
- TechTarget held its Special Meeting of Stockholders today where the shareholders approved a significant transaction.
- The transaction combines Informa Tech's digital businesses with TechTarget to form a new entity named New TechTarget.
- The parties expect the transaction to close on December 2, 2024, allowing New TechTarget to trade on Nasdaq.
On November 26, 2024, in the United States, TechTarget held a Special Meeting of Stockholders where shareholders voted in favor of a significant transaction with Informa PLC. This deal involves the integration of Informa Tech's digital businesses with TechTarget, aiming to establish a new entity known as New TechTarget. The approval signifies a strategic move towards enhancing TechTarget's market position as a global B2B growth accelerator. The combined entity intends to leverage the strengths of both companies to better serve their clients in the business technology sector. The parties involved in this agreement anticipate finalizing the transaction by December 2, 2024, which will result in New TechTarget's common stock being traded on the Nasdaq stock exchange under the ticker symbol