ChoicePoint Inc &
Reed Elsevier Group PLC | Update Date: 07/24/08 |
| Date Announced: 02/21/08 |
| Value (million $USD): 3.79 billion U.S. Dollar |
|
| Status: Pending | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 02/21/08 | | |
| Date Originally Announced | 02/21/08 | | |
| Format | Merger | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | Unspecified Regulatory Auth. |
| Value | 3.79 billion U.S. Dollar | Advisor Fees | ChoicePoint Inc agreed to pay Goldman Sachs & Co a reasonable and customary compensation for its opinion and advisory services, a portion of which is contingent upon consummation of the merger. |
| SYNOPSIS |
|---|
| US - Reed Elsevier Group PLC, a joint venture between Reed Elsevier NV and Reed Elsevier PLC, definitively agreed to merge with ChoicePoint Inc, a provider of technology, software, information and marketing services, for $50 in cash per share, or a total value of $3.790 bil. The transaction was subject to shareholder and regulatory approvals. |
| TARGET |
|---|
| Name | ChoicePoint Inc (CPS) |
| Industries | Data processing services; Insurance agents, brokers, and service; Business services, nec |
| City | Alpharetta |
| State | GA |
| Nation | United States |
| Incorporated in | GA |
| Public Status | Public |
| Business Description | ChoicePoint Inc, in Alpharetta, Georgia, provides technology, software, information and marketing services through the identification, retrieval, storage, analysis and delivery of data. It operates through four segments: Insurance services include information products and services used in the underwriting and claim processes by property and casualty insurers. Business services include employment background screenings, drug testing administration services, public filing searches, vital record services and mortgage fraud credentialing services. Government services include DNA identification services, background screenings, drug testing administration services and data visualization. Marketing Services include data, analytics, teleservices, database and campaign management services. Founded in 1997. |
| Advisors | Goldman Sachs & Co; Lehman Brothers; Wachovia Securities Inc |
| Target Sales | 960.6 million U.S. Dollar |
|
| ACQUIROR |
|---|
| Name | Reed Elsevier Group PLC |
| Industries | Books: publishing, or publishing & printing; Newspapers: publishing, or publishing & printing; Information retrieval services |
| City | London |
| State | n/a |
| Nation | United Kingdom |
| Incorporated in | n/a |
| Public Status | Joint Venture |
| Business Description | Reed Elsevier Group PLC, headquartered in London is a publishing company focused primarily in periodicals, books and other reference material as well as online information services for the technical, medical, legal and scientific sector with operations carried out though its LexisNexis, Elsevier, Reed Business and Harcourt Education divisions. The company was founded in 1984. |
| Advisors | Morgan Stanley; JP Morgan & Co Inc; UBS Investment Bank |
| Acquiror Sales | 9.10 billion U.S. Dollar
4.58 billion British Pound |
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