Bedford, Mass.
– Interactive Data Corp. (IDC), a provider of financial market data, analytics
and services, announced on Tuesday that it has entered into a definitive
agreement to be acquired by investment funds managed by Silver Lake
and Warburg Pincus, in a deal valued at $3.4 billion.
Under the agreement, IDC’s
stockholders will receive $33.86 in cash for each share of the company.
Following the deal, IDC, which is publicly traded but majority-owned by the
investment firm Pearson, will no longer be a publicly traded company.
Pearson
said that it will use proceeds from the sale of its stake in IDC to expand its
business, notably through acquisitions that complement its international,
consumer and professional education businesses.
Related Links:
http://www.interactivedata.com
http://snipurl.com/vzl6g
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