Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Interactive Data agrees to $3.4B acquisition

Send a link to a friend

[May 04, 2010]  BEDFORD, Mass. (AP) -- Interactive Data is agreeing to a $3.4 billion buyout by private equity firms Silver Lake and Warburg Pincus.

InsuranceThe financial data provider had been exploring strategic options, including a potential sale.

Interactive Data Corp.'s biggest shareholder, U.K. publisher Pearson PLC, and its board of directors have approved the deal.

Interactive stockholders will receive $33.86 in cash for each share they own. This represents an approximately 33 percent premium over its Jan. 14 stock price, the last trading day before it decided to explore options.

The acquisition is expected to close before the third quarter's end.

[Associated Press]

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Investments

Pharmacy

Investments

< Recent articles

Back to top


 

News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor