Reed Elsevier's ChoicePoint acquisition cleared

Date : 09/16/2008 @ 2:43AM
Source : TFN
Stock : Reed Elsevier (REL)
Quote : 515.5  -10.0 (-1.90%) @ 11:29AM
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Reed Elsevier's ChoicePoint acquisition cleared

        LONDON, Sept 16 (Reuters) - Anglo-Dutch publisher Reed Elsevier said on
Tuesday it had received regulatory clearance from the U.S. Federal Trade
Commission for its proposed $4.1 billion acquisition of ChoicePoint Inc.      
       In order to expedite regulatory clearance, ChoicePoint has agreed to sell
its U.S. public records business serving the government sector,  which last year
generated revenues of $23 million, to Thomson Reuters. The financial terms of
that transaction were not disclosed. 
    (Reporting by Matthew Scuffham; Editing by Rory Channing) Keywords: REED
ELSEVIER/     
tf.TFN-Europe_newsdesk@thomson.com
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