About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Acquisition of Interactive Data Corporation Completed

Subscribe to our newsletter

Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced the completion of its acquisition by investment funds managed by Silver Lake and Warburg Pincus. Pursuant to the terms of the agreement entered into on May 3, 2010, Interactive Data’s stockholders will receive $33.86 in cash, without interest, less any applicable withholding taxes, for each share of Interactive Data common stock they own. In conjunction with the transaction, Interactive Data’s common stock will no longer trade on the New York Stock Exchange and will be de-listed accordingly.

Ray D’Arcy, Interactive Data’s president and chief executive officer, stated, “The completion of this transaction marks an important strategic milestone in Interactive Data’s four decades of growth. I would like to thank our Board of Directors, all of our stockholders including our majority stockholder Pearson plc, customers and talented employees around the world for their support. We look forward to working closely with Silver Lake and Warburg Pincus to implement the strategies that will enable us to continue meeting the current and future needs of our customers, extending our leadership position in the core end-markets we serve and continuing to expand our business globally.”

Interactive Data stockholders of record will soon receive a letter of transmittal from the Company’s payment agent, American Stock Transfer & Trust Company, with instructions describing how to receive their proceeds. Banks, brokerage firms or other nominees will provide those stockholders who hold their shares in “street name” with their proceeds from the transaction. For more information, stockholders who hold their shares in “street name” should contact their bank, broker or other holder of record, and stockholders of record may contact American Stock Transfer & Trust Company at (718) 921-8124 or toll free at (800) 937-5449.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to make the most of managed delivery models

Date: 26 April 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Bespoke engineering delivery takes many forms. Agreeing on the engagement model is the most important decision to be taken when planning an engagement between a client and IT vendor, and it depends on a variety of factors. In this...

BLOG

Seilern Investment Management Selects FINBOURNE to Improve Decision Making, Client Services, and Scale

Seilern Investment Management, an independent and privately-owned investment management firm, has selected FINBOURNE Technology’s Modern Financial Data Stack to scale its investment operations for rapid growth. The company selected FINBOURNE after a market review, and will implement the vendor’s LUSID cloud-native platform, as well SaaS and API-first capabilities, to enhance investment decision making, client services,...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Practicalities of Working with the Global LEI

This special report accompanies a webinar we held on the popular topic of The Practicalities of Working with the Global LEI, discussing the current thinking around best practices for entity identification and data management. You can register here to get immediate access to the Special Report.