Updated
Updated · CNBC · Aug 10
Verisk Analytics Tumbles 6.5% After Judge Orders $2.35 Billion AccuLynx Deal
Updated
Updated · CNBC · Aug 10

Verisk Analytics Tumbles 6.5% After Judge Orders $2.35 Billion AccuLynx Deal

3 articles · Updated · CNBC · Aug 10

Summary

  • Verisk shares fell more than 6.5% in premarket trading after a Delaware judge ruled Friday that the company must complete its $2.35 billion acquisition of AccuLynx.
  • The order reverses Verisk’s attempt to walk away from the deal after it terminated the merger in December, saying an FTC review had not been finished by the agreement’s termination date.
  • The ruling forces Verisk back into a transaction it had argued was no longer executable, turning a regulatory-delay dispute into an immediate financial overhang for the stock.

Insights

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