Acquisition of Interactive Data Corporation Completed
July 29 2010 - 4:05PM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related solutions, today
announced the completion of its acquisition by investment funds
managed by Silver Lake and Warburg Pincus. Pursuant to the terms of
the agreement entered into on May 3, 2010, Interactive Data's
stockholders will receive $33.86 in cash, without interest, less
any applicable withholding taxes, for each share of Interactive
Data common stock they own. In conjunction with the transaction,
Interactive Data’s common stock will no longer trade on the New
York Stock Exchange and will be de-listed accordingly.
Ray D’Arcy, Interactive Data’s president and chief executive
officer, stated, “The completion of this transaction marks an
important strategic milestone in Interactive Data’s four decades of
growth. I would like to thank our Board of Directors, all of our
stockholders including our majority stockholder Pearson plc,
customers and talented employees around the world for their
support. We look forward to working closely with Silver Lake and
Warburg Pincus to implement the strategies that will enable us to
continue meeting the current and future needs of our customers,
extending our leadership position in the core end-markets we serve
and continuing to expand our business globally.”
Interactive Data stockholders of record will soon receive a
letter of transmittal from the Company’s payment agent, American
Stock Transfer & Trust Company, with instructions describing
how to receive their proceeds. Banks, brokerage firms or other
nominees will provide those stockholders who hold their shares in
“street name” with their proceeds from the transaction. For more
information, stockholders who hold their shares in “street name”
should contact their bank, broker or other holder of record, and
stockholders of record may contact American Stock Transfer &
Trust Company at (718) 921-8124 or toll free at (800) 937-5449.
About Interactive Data Corporation
Interactive Data Corporation is a trusted leader in financial
information. Thousands of financial institutions and active
traders, as well as hundreds of software and service providers,
subscribe to our fixed income evaluations, reference data,
real-time market data, trading infrastructure services, fixed
income analytics, desktop solutions and web-based solutions.
Interactive Data’s offerings support clients around the world with
mission-critical functions, including portfolio valuation,
regulatory compliance, risk management, electronic trading and
wealth management. Interactive Data is headquartered in Bedford,
Massachusetts and has over 2,400 employees in offices worldwide.
For more information, please visit www.interactivedata.com.
About Silver Lake
Silver Lake is the global leader in private investments in
technology and technology-enabled industries. Silver Lake invests
with the strategic and operational insights of an experienced
industry participant. The firm has over 90 investment professionals
located in New York, Menlo Park, San Francisco, London, Hong Kong
and Tokyo and manages over $14 billion across large cap and middle
market private investment strategies as well as a credit investment
strategy. Its portfolio includes or has included technology
industry leaders such as Ameritrade, Avago, Avaya, Business
Objects, Flextronics, Gartner, Gerson Lehrman Group, Instinet,
Intelsat, IPC Systems, MCI, the NASDAQ OMX Group, NetScout, NXP,
Sabre, Seagate Technology, Serena Software, Skype, SunGard Data
Systems, Thomson and UGS. For more information, please visit
www.silverlake.com.
About Warburg Pincus
Warburg Pincus is a leading global private equity firm. The firm
has more than $30 billion in assets under management. Its
active portfolio of more than 110 companies is highly diversified
by stage, sector and geography. Warburg Pincus is a growth investor
and an experienced partner to management teams seeking to build
durable companies with sustainable value. Founded in 1966, Warburg
Pincus has raised 13 private equity funds, which have invested more
than $35 billion in over 600 companies in more than 30 countries.
Warburg Pincus has invested more than $12 billion in
technology, media and telecommunications including investments in
FIS (NYSE:FIS), Nuance (NASDAQ:NUAN), and Wall Street Systems. The
firm has offices in Beijing, Frankfurt, Hong Kong, London, Mumbai,
New York, San Francisco, São Paulo, Shanghai and Tokyo. For more
information, please visit www.warburgpincus.com
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