Big Law
Judge Orders Data Analytics Firm Verisk to Proceed With Planned $2.35B Acquisition of Roofing Software Maker AccuLynx
A Delaware judge ordered data analytics firm Verisk to try completing its planned $2.35 billion acquisition of roofing software maker AccuLynx, with the order coming more than seven months after Verisk said it pulled the plug on the deal. Here are details:
Bonnie David, a Delaware Chancery Court judge, said Verisk’s termination of the deal was invalid “because its willful conduct caused the failure of a condition to closing.”
In late December, Verisk had said its decision to terminate the deal followed a notification from the U.S. Federal Trade Commission that the agency had not completed its review of the transaction by the termination date of December 26.
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