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.
More on this topic
(What's this?)
EU to Rein in Hedge and Private Equity Funds
(naked capitalism, 5/14/10)
Big Institutional Investors Push Against Private Equity Fees
(naked capitalism, 3/22/10)
Harley Davidson rumors
(What can I do with 10 grand?, 3/20/10)
Tags: acquisition, IDC, interactive data corporation, merger
