Search Keywords
Financial Times Wall Street Journal Economist
News Period From   To
News: 60885    Funds: $437    Pays: $524

Go Back to
News List
This News on
Daily Paywall
  Rated 80 | Views 300
Rate it | Share it 

Verisk Ends Effort To Acquire EagleView
From the Wall Street Journal of Tue, 16 Dec 2014 17:14:37 EST

WASHINGTON— Verisk Analytics Inc. said Tuesday it was abandoning a proposed $650 million deal to acquire EagleView Technology Corp. in the face of an antitrust challenge by the U.S. Federal Trade Commission.

The FTC announced Tuesday it would seek to block the transaction, alleging it could lead to higher prices for insurance carriers and consumers.

The FTC said the deal was problematic because it would combine the only two notable competitors that offer aerial measurement products used by the insurance industry to calculate the dimensions of building rooftops.

Insurance companies use the aerial technology to help determine the costs of repairing or replacing rooftops because it is safer and more accurate than sending insurance adjusters out to measure damaged rooftops manually, the FTC said.

“Verisk worked hard to come to a mutually agreeable solution with the FTC, but no agreement could be reached that was in the best interests of our shareholders,” the company’s president, Scott Stephenson, said in a written statement.

Write to Brent Kendall at

This article is provided by, which is published and distributed by Paolo Cirio Ltd., registered in England, number 8188080. Registered Office: Suite 36, 88-90 Hatton Garden, City of London, EC1 N8PG, United Kingdom. Paolo Cirio Ltd. alone is responsible and liable for information and services provided through Daily Paywall’s newspaper and website.

Financial News that Matter for free!

Earn Money
Offer Money
Buy Advertising
Buy Artwork Article

Similar Articles