CCC Information Services Inc., of Chicago, and MitchellInternational, Inc., of San Diego, announced they will no longerpursue the merger of the two companies.
The decision came after the U.S. Federal District Court in theDistrict of Columbia granted the Federal Trade Commission's requestfor a preliminary injunction against the two companies pendingresolution of the FTC's administrative trial set for the end ofMarch.
"In light of the court's decision, we have jointly decided toterminate the merger," says Githesh Ramamurthy, chairman and CEO ofCCC. "A year ago when we announced the transaction, our statedobjective was to deliver greater innovation to our customers andpartners. This theme has remained a constant and will continue tobe at the forefront of our efforts. Serving our customers hasalways been our primary focus."
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
