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Interactive Data To Be Acquired For $3.4 Billion

May 4, 2010 Company News, Mergers & Acquisition

Interactive Data Corporation (IDC), which provides financial market information, announced today that it had entered into an agreement to be acquired by two private equity funds, Warburg Pincus and Silverlake, for $33.86 per share or $3.4 billion in an all cash transaction.

Back on January 15, the company announced that its board was conducting a preliminary review of strategic alternatives for the company. The news sent the stock from a close of $25.47 the day prior, to a close of $29.07 on the 15th.

The $33.86 per share price represents a 32.9% premium over the closing price on January 14. IDC expects that the deal will close in the third quarter.

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Read more on Interactive Data, Private Equity at Wikinvest

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This entry was posted on Tuesday, May 4th, 2010 at 7:46 am and is filed under Company News, Mergers & Acquisition. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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