Verisk Ends Effort to Acquire AccuLynx
VeriskVerisk(US:VRSK) Globenewswire·2025-12-29 13:45

Core Viewpoint - Verisk has terminated its agreement to acquire AccuLynx due to the Federal Trade Commission's (FTC) incomplete review of the transaction by the specified deadline [1] Group 1: Acquisition and Debt Redemption - The company will redeem $1.50 billion of senior notes related to the planned acquisition at a price of 101% of their principal amount plus accrued interest [2] - Following the redemption, Verisk's leverage would have been 1.9 times LTM adjusted EBITDA as of September 30, 2025 [2] Group 2: Management Statements and Future Outlook - Lee Shavel, president and CEO, emphasized the company's commitment to capital allocation discipline, balancing organic investments and returning capital to shareholders [3] - The company remains confident in achieving its long-term growth targets for 2026 and beyond [3] Group 3: Company Profile - Verisk is a leading data analytics and technology provider for the global insurance industry, focusing on improving operational efficiency and risk management [4] - The company operates in over 20 countries and is recognized for fostering an inclusive workplace culture [4]