United Communications Group, a U.S. privately owned information company, said on Monday it had terminated an agreement to sell its subsidiary Oil Price Information Service (OPIS) to Platts, two months after inking the deal. Platts, a unit of McGraw-Hill that provides energy and other commodity prices and news, announced the deal in December to buy rival OPIS to widen its market share and entrench its position as a pricing benchmark for oil products in North America. "Since the initial announcement, our customers have informed us of their opposition to this combination," Brian Crotty, CEO of OPIS, said in a statement. "In light of the concerns expressed by our customers, we have notified Platts that we are exercising our right to terminate the acquisition agreement."
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