BUZZ-Verisk falls on deal to buy AccuLynx for $2.4 billion

Reuters
Yesterday
BUZZ-Verisk falls on deal to buy AccuLynx for $2.4 billion

** Shares of data analytics firm Verisk VRSK.O down ~5.1% to $279.1

** The company said it will buy AccuLynx, which makes software for roofing contractors, for $2.35 billion

* Co also reports Q2 adjusted earnings per share of $1.88, beats analysts' estimates of $1.77, according to data compiled by LSEG

** Seven of 19 brokerages rate the stock at "buy" or higher, 11 "hold", and one "sell"; their median PT is $314 - LSEG data

** Including session's moves, stock up ~2% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10