Britain's Informa in talks to buy UBM for more than £3 billion

The two companies said in a joint statement on Tuesday that they were in discussions about a share-and-cash offer, while they could announce a possible price as soon as Wednesday, two people close to the situation said.The most recent talks started last year after Informa, which has a valuation of 6.1 billion pounds, approached its smaller rival UBM about a possible deal, one of the sources added.The companies were forced to put out a statement disclosing their talks on Tuesday following movemen