Platts to Acquire Oil Price Information Service

Platts, a division of The McGraw-Hill Companies, Inc. MHP, today announced an agreement to acquire Oil Price Information Service, LLC, from United Communications Group, a privately held business information provider. OPIS, which is headquartered in Gaithersburg, Maryland, is a leading provider of news and price information to the wholesale and retail petroleum markets in North America. The purchase price was not disclosed. The acquisition is expected to be completed in the first half of 2011, subject to regulatory approval.