Wed, 26 Sep 2012 | BUSINESS SALE
Some of Experian's non-core businesses remain up for sale after problems with an agreed buyer.
It was announced in May that Ybrant Digital was to purchase PriceGrabber and some of the Experian's other North America online lead generation activities.
However, Experian announced today (26 September) that the expiration of the final deadline for the deal has passed and the firm now considers Ybrant to be in breach of contract following its failure to comply with its obligation to close the transaction.
As a result, the businesses are now thought to be back on the market as Experian continues to explore its options for a sale. The company remains committed to securing a deal and still considers the companies to be held for sale as discounted operations, excluding them from organic revenue growth and benchmark profit for tax and benchmark EPS.
In the five months to August this year, the businesses under consideration saw organic revenue growth of one per cent. Experian itself saw its shares close yesterday at £10.33, with an overall company valuation of £10.43 billion. It remains to be what PriceGrabber and the other non-core assets will be sold off for.
Seeking an acquirer / strategic partner for this long-established national engineering contractor providing an extensive range of solutions, including specialised fabrication, pipework installation, steelwork and mechanical equipment.
Our client, with a legacy spanning over 35 years, has crafted an exceptional brand and market-leading business in the world of organic wines. Now, due to retirement plans, they are seeking the perfect successor to carry forward their legacy.
Over the past 15+ years, our client has built a successful business providing a range of commercial cleaning and soft services to its contracted and growing client base. Working predominantly within the commercial and industrial sector, our client ma...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.