In the largest private equity deal so far this year, Interactive Data Corporation (IDC), a provider of financial market data, has agreed to be taken over by private equity firms Warburg Pincus and Silver Lake Management for $3.4 billion.
IDC’s single largest shareholder, publishing company Pearson plc, will get $2 billion for its 61 percent stake. IDC shareholders will be paid $33.86 per share, a 32.9 percent premium over IDC’s closing price on Jan. 14, 2010, the last trading day before the company announced it was considering “strategic alternatives.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
