DUN & BRADSTREET AGREES TO SELL INTERACTIVE DATA TO FINANCIAL TIMES GROUP.WILTON Wilton, town, United States Wilton, town (1990 pop. 15,989), Fairfield co., SW Conn.; settled c.1701, inc. 1802. It is a residential and agricultural town. Wilton, town, England Wilton, town (1991 pop. , Conn.--(BUSINESS WIRE)--July 20, 1995--The Dun & Bradstreet Brad·street , Anne Dudley 1612-1672. English-born colonial poet who wrote several collections of verse, including The Tenth Muse Lately Sprung Up in America (1650). Corporation announced today that it has entered into a definitive agreement to sell its Interactive Data Corporation business to the Financial Times Group of Pearson PLC for a price of $201 million. Further terms and conditions of the sale were not disclosed. D&B expects the transaction to close in the third quarter of this year. The cash transaction will result in a pre-tax gain for D&B of about $90 million. The gain is expected to be offset by one-time costs related to actions to improve future profitability. Costs are expected to include a provision for increased post-employment benefits, primarily severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when , for workforce reductions. The company noted that the transaction had no impact on its second-quarter 1995 earnings, which were issued yesterday. Interactive Data Corporation is a leading provider of historical securities information and related analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. services. The Dun & Bradstreet Corporation is the world's largest marketer of information, software and services for business decision making, with worldwide revenue of $4.9 billion in 1994. CONTACT: Reid H. Gearhart Dun & Bradstreet (203) 834-4275 or Alan Miller Alan Miller is a pioneering and influential figure in the video game industry. He was an early game designer and programmer for Atari 2600 games who went on to found two large video game developers and publishers. Financial Times Group 011-44-1-71-873-3615 |
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