Jersey City-based Verisk, a leading global data analytics and technology provider,
announced last week that it has terminated its definitive agreement to purchase
AccuLynx in a $2.4 billion deal.
This decision followed the notification by the Federal Trade Commission that it has not
completed its review of the transaction by Dec. 26, 2025, the termination date set forth
in the agreement.
Verisk also announced that it will redeem the $1.50 billion aggregate principal amount of
senior notes that were issued in connection with the planned acquisition for a price
equal to 101% of their principal amount plus accrued and unpaid interest to the
redemption date. The redemption is required pursuant to a special mandatory
redemption provision in the terms of the notes.
Verisk CEO Lee Shavel explained the move.
“Verisk remains committed to our capital allocation discipline – balancing organic
investment in our highest return on capital opportunities while returning capital to
shareholders through dividend and repurchases,” he said. “We continue to have
confidence in our ability to deliver results in line with our long-term growth targets for
this year, for 2026 and beyond.”
It’s unclear what will happen next.
AccuLynx has notified Verisk that it believes Verisk’s termination of the merger
agreement is invalid.
