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Stock Market & Financial Investment News

News Breaks
December 3, 2012
08:01 EDTCSC, EFXCSC to sell credit services unit for $1B to Equifax
As part of its transformation initiative to rebalance its portfolio of services and focus on next-generation technology solutions and services, CSC (CSC) has reached a definitive agreement with Equifax (EFX) for the sale of its credit services unit for $1B in cash. The after-tax proceeds from the sale of the business will be approximately $750 - $800 million based on preliminary plans. CSC intends to use $300M-$400M to repurchase shares, contribute $300M-$400M to its pension plans and apply the remainder to general corporate purposes. The companies anticipate closing of the transaction by the end of the calendar year after concluding regulatory reviews. This deal marks CSC’s second divestiture in six weeks.
News For CSC;EFX From The Last 14 Days
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April 2, 2014
09:13 EDTEFXEquifax announces alliance with IHS Automotive
Equifax announced the strengthening of their recent strategic alliance with IHS Automotive. This alliance creates a value proposition for the automotive market and allows both organizations the opportunity to bring insights that empower critical business decisions for automotive lenders, dealers and manufacturers. With the announcement of a formal alliance, Equifax is also releasing its first jointly developed product with IHS Automotive, Equifax Lost Sales Analysis. This solution captures auto loan application data and uses it to produce analysis of where lenders lost out on deals to their competitors. Lenders are also able to assess how missed opportunities are performing and whether the original offers could have been more competitive.

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