Delaware judge orders Verisk to proceed with $2.35 billion AccuLynx deal

Key facts

• A Delaware judge ordered Verisk to proceed with the AccuLynx acquisition.
• The acquisition deal is valued at $2.35 billion.
• The judge found Verisk's termination of the deal invalid.
• Verisk's own actions were cited as the reason for the termination conditions.
• The Federal Trade Commission (FTC) had requested more details about the deal.
• The FTC's requests contributed to delays in the transaction.
• Verisk must now complete the acquisition of AccuLynx.

Verisk has been ordered by a Delaware judge to proceed with its planned $2.35 billion acquisition of AccuLynx. The judge ruled that Verisk's termination of the deal was invalid, citing Verisk's own actions as the cause for the conditions that led to the termination attempt. The Federal Trade Commission (FTC) had previously intervened in the transaction, requesting more details about the deal. These requests from the FTC contributed to delays in the acquisition process. The court's decision means Verisk must now move forward with the acquisition of AccuLynx as originally agreed upon. The ruling emphasizes that Verisk cannot use the circumstances it helped create as a basis for exiting the transaction. This legal outcome resolves a dispute over the validity of Verisk's attempt to back out of the deal. The acquisition is a significant financial transaction for both companies involved.