Equifax Confirms Proposal to Acquire Veda Group Limited for $1.6B

Equifax Inc. EFX confirmed that on September 17, 2015 it submitted a non-binding proposal to acquire all the outstanding shares of common stock of Veda Group Limited VED ("Veda") for AUD$2.70 per share in cash in a transaction valued at approximately AUD$2.3 billion or USD$1.6 billion. Veda is a data analytics company and the leading provider of credit information and analysis in Australia and New Zealand. The proposal represents a 35% premium over Veda's closing price of AUD$1.995 on September 17, 2015, one day prior to the announcement by Veda of Equifax's proposal. Equifax believes the proposal is financially compelling, and creates considerable value for the shareholders of Veda, as well as Veda's customers and employees. The proposal is consistent with Equifax's stated strategic focus to expand into attractive new markets. There is no certainty that any transaction will ultimately be agreed to or as to the terms on which such a transaction, if any, might occur. Equifax does not intend to make any additional comments on this matter unless and until it believes it is appropriate to do so or a definitive agreement has been reached. About EquifaxEquifax is a global leader in consumer, commercial and workforce information solutions that See full press release