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Sunday, January 19, 2014

Bahrain's Investcorp sells stake in Britain's TDX to Equifax, (NYSE: EFX)

Bahrain's Investcorp and the founders of TDX Group have agreed to sell their stakes in the British technology firm to U.S. credit reporting agency Equifax Inc for 200 million pounds ($327 million), according to a filing at Bahrain's bourse. Investcorp said it had acquired a substantial minority stake in TDX in 2008, but did not reveal the exact size of its holding or how much money it would receive from the sale. TDX provides businesses with technology, data and advisory services, employing about 345 people globally.

Equifax Inc. is a provider of information solutions for businesses and consumers. Shares of EFX traded higher by 2.33% or $1.61/share to $70.73. In the past year, the shares have traded as low as $52.79 and as high as $71.33. On average, 564444 shares of EFX exchange hands on a given day and today's volume is recorded at 1091313.