15 May, 2017
Moody’s To Pay $3.3 Billion To Buy Dutch Business Intelligence Company Bureau Van Dijk
Moody’s Corp. said Monday it will buy Dutch business intelligence company Bureau van Dijk for 3 billion euro, or the equivalent of $3.27 billion. Moody’s said the deal, which is expected to close late in the third quarter, will be funded through cash held offshore and new debt financing. Moody’s expects the deal to add to adjusted earnings per share in 2018 and to GAAP EPS in 2019. Bureau van Dijk is currently owned by investment firm EQT. “Bureau van Dijk is a high growth information aggregator and distributor that positions Moody’s at the center of a unique network of global risk data,” said Moody’s CEO Raymond McDaniel. “This acquisition provides significant opportunities for Moody’s Analytics to offer complementary products, create new risk solutions and extend its reach to new and evolving market segments.” Moody’s stock, which was still inactive in premarket trade, has soared 22% year to date while the S&P 500 has gained 6.8%.