Interactive Data Corp. To Be Acquired (IDC, PSO, BAC, BCS)

Warburg Pincus and Silver Lake have announced the acquisition of Interactive Data Corp. (NYSE: IDC). Interactive Data Corp. has been valued at $3.4 billion. The company’s biggest shareholder, Pearson Plc. (ADR) (NYSE: PSO), has approved the deal.

Interactive shareholders will receive $33.86 for each share they own. The offer price is at 33 percent premium over the stock’s closing price on Jan.14. The deal is likely to be funded with a combination of equity and debt. Both the private equity firms have arranged to obtain debt from Bank of America (NYSE: BAC) and Barclays Bank (ADR) (NYSE: BCS).