ALPHARETTA, Ga., Sept. 16 /PRNewswire-FirstCall/ - The staff of the
Federal Trade Commission (the 'FTC') on Monday notified ChoicePoint Inc.
(NYSE: CPS) that, subject to the FTC's Order of September 15, 2008, the FTC
has granted termination of the waiting period under the Hart-Scott-Rodino
Antitrust Improvement Act of 1976, as amended, with respect to the proposed
acquisition of ChoicePoint by Reed Elsevier Group plc ('Reed Elsevier').
All of the closing conditions as described in the Agreement and Plan of
Merger, dated February 20, 2008, among ChoicePoint, Reed Elsevier and Deuce
Acquisition Inc. have been satisfied or are expected to be satisfied by the
closing. The closing of the transaction is expected to occur on Friday,
September 19, 2008.
Following the completion of the transaction, ChoicePoint will operate as
part of Reed Elsevier's LexisNexis Risk & Information Analytics Group. The
new business unit will be based in Alpharetta, Georgia. In April 2008,
ChoicePoint shareholders voted overwhelmingly to approve the Agreement and
Plan of Merger with Reed Elsevier, with more than 99.5 percent of all votes
cast in favor of the transaction.
About ChoicePoint
ChoicePoint provides businesses, government agencies and non-profit
organizations with technology, software, information and marketing services to
help manage economic and physical risks as well as identify business
opportunities. Consumers have free access to the reports we create at
http://www.ChoiceTrust.com . Learn what we do to protect consumer privacy by
visiting http://www.PrivacyatChoicePoint.com and, for more information on our
company, go to http://www.ChoicePoint.com .
About Reed Elsevier
Reed Elsevier Group plc is a world leading publisher and information
provider. It is owned equally by its two parent companies, Reed Elsevier PLC
and Reed Elsevier NV. The parent companies are listed on the London,
Amsterdam and New York Stock Exchanges, under the following ticker symbols:
London: REL; Amsterdam: REN; New York: RUK and ENL. In 2007, Reed Elsevier
had revenues from its continuing operations of 4.6bn British pounds. The
group employs 32,000 people, including approximately 16,000 in North America.
Operating in the scientific, medical, legal, risk and business-to-business
sectors, Reed Elsevier provides high value and flexible information solutions
to professional end users, with increasing emphasis on internet delivery.
ChoicePoint and the ChoicePoint logo are registered trademarks of
ChoicePoint Asset Company LLC.
SOURCE ChoicePoint
