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.