TechTarget, Inc. has completed a series of transactions resulting from an agreement with Informa PLC, and affiliated companies. Specifically, TechTarget acquired all digital businesses of Informa's Tech division by issuing 41,651,366 common shares and $350 million in cash. The firms also entered various agreements, including stockholders, registration rights, tax matters, transitional services, data sharing, brand license, and commercial cooperation agreements.
Furthermore, TechTarget has secured a $250 million credit facility from Informa Group Holdings with provisions for incremental commitments. The terms for the senior notes are adjusted to accommodate the transaction, providing holders with rights to convert their notes or have them repurchased by the company.
TechTarget's common stock under symbol "TTGT" will continue to trade on the Nasdaq Global Select Market. The issuance of stock, transaction details, and associated agreements detailed in this summary are subject to further terms and conditions outlined in documents incorporated by reference.
Proper Names Mentioned: - TechTarget, Inc. - Informa PLC - Informa US Holdings Limited - Informa LLC - Informa Intrepid Holdings Inc. - Toro CombineCo, Inc. (now TechTarget, Inc.) - Toro Acquisition Sub, LLC - U.S. Bank Trust Company, National Association - Informa Group Holdings Limited - TechTarget Holdings Inc. (formerly known as TechTarget, Inc.) - Informa Group Limited - Informa Support Services, Inc.