TechTarget (Nasdaq: TTGT) announced that its stockholders approved the previously disclosed transaction with Informa PLC at a Special Meeting held on November 26, 2024. This approval allows Informa PLC to combine Informa Tech’s digital businesses with TechTarget, forming a new holding company, New TechTarget.
The parties anticipate the transaction will officially close on December 2, 2024. Upon completion, shares of common stock for the new entity, New TechTarget, are expected to commence trading on Nasdaq under the ticker symbol “TTGT”.
This shareholder vote represents a critical step in the strategic combination, which aims to create a leading global B2B growth accelerator. The successful approval clears the path for the integration of the two businesses and the realization of their combined strategic vision.
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