Reed Elsevier to Acquire ChoicePoint

Feb 22, 2008

Reed Elsevier Group plc announced that it has entered into a definitive merger agreement with ChoicePoint, a provider of data and analytics, to acquire the company. Under the terms of the agreement, ChoicePoint shareholders will receive $50 in cash for each share of common stock, valuing the equity of the company at $3.5 billion. The ChoicePoint board will convene a meeting of ChoicePoint shareholders to approve the merger and is unanimous in its recommendation of the merger. Taking into account $0.6 billion of estimated net debt, the total value of the transaction is $4.1 billion.