D&B Completed Acquisition of D&B Credibility Corporation

Posted by Joachim Bartels | May 14, 2015 | Credit Information, Dun & Bradstreet, Member News, The BIIA Network, United States | 0 |

Dun & Bradstreet, Inc. (“D&B Inc.”), a direct, wholly-owned subsidiary of The Dun & Bradstreet Corporation (the “Company”), completed on May 12^th 2015 its previously announced acquisition of Credibility Corp. (“Target”), pursuant to which Brad Acquisition Corp., a direct, wholly-owned subsidiary of D&B Inc., was merged with and into Target, with Target continuing as the surviving corporation (the “Merger”). D&B Inc. paid $320.0 million in cash at closing, which amount will be subject to a post-closing purchase price adjustment for working capital of Target. The purchase price was funded primarily with cash on hand, with the remaining amount funded through the Company’s revolving credit facility.

Source: D&B SEC Filing

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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