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Law Technology

: Electronic Filing and Court Record Retrieval News

Reed Elsevier to Acquire ChoicePoint, Inc. for $4.1 Billion in Cash

By Paul M. Bush

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Reed Elsevier, the parent company of LexisNexis (which owns Accurint) continues on with their aggressive monopolistic-like acquisition of competing companies. From their press release: Reed Elsevier to acquire ChoicePoint for a total cost of $4.1 billion (Ł2.1 billion/?2.8 billion) payable in cash. This comprises an equity value of $3.5 billion and the assumption of $0.6 billion of net debt. [The] Combination of ChoicePoint with the LexisNexis Risk Information and Analytics Group will create a risk management business with $1.5 billion in revenues and a leading position in the fast growing risk management marketplace. Full Press Release

EPIC's concerns

Full post as published by Electronic Filing and Court Record Retrieval News on February 21, 2008 (boomark / email).

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