Deals
Equifax Wins Veda Approval With Sweetened A$2.39 Billion Bid
- Veda's board unanimously recommends revised proposal
- Atlanta-based firm granted exclusive access to Veda's accounts
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Equifax Inc., a U.S. data management company, made a sweetened A$2.39 billion ($1.7 billion) offer for Australia’s Veda Group Ltd., gaining exclusive access to the target’s accounts.
The Atlanta-based firm offered A$2.825 per share in cash for the Australian credit information provider -- compared with its initial offer of A$2.70 last month -- Veda said in a statement to the stock exchange Tuesday. The Sydney-based company’s board unanimously recommended the offer.