Morgan Lewis Advises Reed Elsevier on $530M Acquisition of Accuity
- date: 09/26/2011
- news source: Firm
NEW YORK, September 26, 2011: Reed Elsevier announced today that it has entered into a definitive agreement to acquire the entire issued share capital of Accuity Holdings Inc. from Investcorp, a global investment firm, for a consideration of £343m (approximately $530 million) payable in cash. Accuity is a leading US provider of online subscription-based data solutions for the financial services industry which enable customers to maximize the accuracy of their banking and payment transactions, and to minimize the risk of non-compliance with government regulations in these transactions.
For more information about the transaction, please see Reed Elsevier's press release.
Danielle E. Davis Charles E. Engros, Jr. Andrew R. Mariniello Robert W. Dickey