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Gartner Completes Acquisition of CEB

Gartner, Inc. (IT), the world’s leading information technology research and advisory company, announced that it has completed its acquisition of CEB Inc. (CEB), the industry leader in providing best practice and talent management insights, for $54.00 in cash and 0.2284 shares of Gartner common stock, representing a total transaction value of approximately $2.6 billion. Including Gartner’s assumption of approximately $0.7 billion in CEB net debt, the transaction has a total enterprise value of approximately $3.3 billion. The completion of the transaction follows the approval of the merger agreement by CEB stockholders at a special meeting held on April 4, 2017, arrangement of financing, as well as the receipt of all required regulatory approvals.

The addition of CEB further enhances Gartner’s ability to deliver value to its clients and help them make the right decisions with confidence. Gartner’s analyst-driven, syndicated research and advisory services in Information Technology (IT), Marketing and Supply Chain, combined with CEB’s best practice and talent management insights across a range of business functions, including Human Resources (HR), Sales, Finance and Legal, will provide a comprehensive and differentiated suite of advisory services aligned to the mission-critical priorities of virtually all functional business leaders across every industry and size of enterprise worldwide.

“We are excited to complete this transaction, which creates the leading global research and advisory company for all major functions in the enterprise,” said Gene Hall, chief executive officer of Gartner. “This highly complementary acquisition will further advance our strategy to drive long-term growth. We look forward to welcoming our new colleagues from CEB as we work to realize the multiple benefits of this compelling combination for our clients, shareholders and associates around the world.”

With the completion of the transaction, CEB, Inc. stock will cease trading and no longer be listed on the New York Stock Exchange.

Source:  Yahoo.com/news

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