BUZZ-Informa extends losses after placing

** Informa extends losses, down 1.4 pct afterplacing of up to 60 mln shares closed with 45 mln taken onTuesday.

** Placing, to fund 237 mln pound acquisition of Henley WoodExhibitions, raised 207 mln pounds, putting co'snet debt to EBITDA ratio in the middle rather than lower end ofits 2-2.5x target, traders said.

** Canaccord cuts target price to 506p from 515p, saysvaluation of Henley Wood acquisition at 11.2x EV/EBITDA at topof end of range for an exhibitions business.

** Shares fell 6.9 pct on Tuesday, down 19 pct YTD easingvaluations, broker adds.

** Co's strategy similar to UBM, that acquired USevents business Advanstar in October.

(RM: alasdair.pal.thomsonreuters.com@reuters.net)

Informa