As reported in the March NEWSLETTER 2006 GUS had rejected a UK £ 7bn (US $ 12.38bn) bid for its credit information business Experian. Instead, GUS intends to list the company on the London Stock Exchange.  As part of the GUS demerger, Experian will be taking on all of the parent’s US$ 3.5 billion in debt.  With 75% of its revenue originating from overseas (58% from the USA and only 25% from the UK), a listing at the New York Stock Exchange was anticipated.  Perhaps the costly and burdensome regulatory regime of Sarbanes-Oxley may be one of the reasons for choosing the London Stock Exchange.

BIIA Newsletter April – 2006 issue