Edition:
India

Moody's Acquires RDC For $700 Million


Thursday, 23 Jan 2020 

Jan 23 (Reuters) - Moody's Corp ::MOODY’S ACQUIRES RDC, A LEADER IN RISK AND COMPLIANCE INTELLIGENCE, DATA AND SOFTWARE.MOODY'S CORP - DEAL FOR $700 MILLION.MOODY'S CORP - TRANSACTION WILL BE FUNDED WITH A COMBINATION OF CASH ON HAND, COMMERCIAL PAPER AND DEBT FINANCING.MOODY'S CORP - MOODY'S EXPECTS ACQUISITION OF RDC TO GENERATE APPROXIMATELY $55 MILLION OF ANNUALIZED REVENUE IN 2020.MOODY'S CORP - DEAL TO BE ACCRETIVE TO EARNINGS PER SHARE ON AN ADJUSTED BASIS IN 2022.MOODY'S CORP - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO EARNINGS PER SHARE ON A GAAP BASIS IN 2024..MOODY'S CORP - INCLUDING IMPACT OF TRANSACTION, MOODY'S ANTICIPATES SHARE REPURCHASES FOR 2020 TO TOTAL APPROXIMATELY $1.3 BILLION. 

Company Quote

222.22
2.03 +0.92%
30 Mar 2020