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US: Bank data firm delays merger over FTC review

 |  September 29, 2014

A supplier of data to banks and insurers has announced that its planned merger with a competitor is now delayed due to a review of the deal by the Federal Trade Commission.

Reports say Verisk Analytics has extended its purchase agreement with EagleView Technology, which is plans to acquire in a $650 million deal. The timeline now reaches to December 31.

The companies had originally planned on finalizing the deal by the end of this month.

While a statement by Verisk did not elaborate on the specific matters it is currently discussing with the FTC, the company did say it would elaborate on the development durig its third-quarter conference call on October 29.

The companies first announced their plans in January to merge.

Full content: Businessweek

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