Beaufort's note out this morning, it's free to download from Research Tree... "The acquisition of CMI strengthens UBM's portfolio and position in the US events industry. Content marketing is an exciting sector that complements UBM's presence in the technology sector. Recently, UBM released a trading update and stated that its performance was in line with expectations for the year to date. The large events continue to drive performance, most notably, Game Developers' Conference, MAGICVegas, Enterprise Connect, MD&M West and Hotelex/FineFoods. The company made good progress in the implementation of the first events transitioning onto the new Customer Relationship Management (CRM) platform and in procurement savings on target. Integration of the recently acquired Business Journals Inc is underway. In light of the developments..."
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