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Stock Market & Financial Investment News

News Breaks
December 12, 2012
13:54 EDTDNBFitch sees event risk of LBO of Dun & Bradstreet as near-term credit overhang
Fitch Ratings stated: "Dun & Bradstreet (DNB) has not made any announcements regarding any strategic changes to the company's capital structure or ownership. However, news organizations have recently reported that D&B is no longer pursuing a sale of the company [after] media reports issued in July/August indicated the company was exploring a sale. Fitch believes the event risk of a leveraged buyout of D&B, solicited or unsolicited, will be an overhang on the credit for the near term." Fitch said it believes that a Private Equity sponsor would have to contribute at least $1B in equity to complete an LBO transaction. While this would constitute a substantial investment, PE firms have sufficient capital to make such a sizable contribution, Fitch said. Fitch believes initial unadjusted gross leverage would be high at 7x. New debt of $4B would be sizable and credit markets continue to be volatile, which would likely be one of the largest challenges in completing an LBO, Fitch said.
News For DNB From The Last 14 Days
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May 4, 2015
16:38 EDTDNBDun & Bradstreet sees 201 reaffirms underlying financial guidance
Dun & Bradstreet reaffirmed its underlying financial guidance, before taking into account the acquisition of Dun & Bradstreet Credibility Corp., for the full year 2015: As adjusted revenue growth 2%-5%, before the effect of foreign exchange; As Adjusted operating income of (2%) to 2%; As Adjusted diluted EPS of (3%) to 1%; and Free cash flow of $255M-$285M. As a result of the announced agreement to acquire Dun & Bradstreet Credibility Corp., assuming the acquisition closes as expected during May, its updated financial guidance for the full year 2015 would be: As Adjusted revenue growth 6%-9%, before the effect of foreign exchange; As Adjusted operating income of flat to 4%; As Adjusted diluted EPS of (3%)-1%; and Free cash flow of $255M--$285M.
16:37 EDTDNBDun & Bradstreet reports Q1 EPS $1.33, consensus $1.24
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April 27, 2015
16:38 EDTDNBDun & Bradstreet to acquire D&B Credibility for $320M
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