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FactSet Research Systems Inc. Agrees to Acquire StreamVPN Limited and Creates New Alpha Metrics Division.

Publication: Business Wire
Publication Date: 28-JUL-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NORWALK, Conn. -- FactSet Research Systems Inc. (NYSE: FDS), a major supplier of computer-based financial and economic data to the investment community, today announced that it has entered into a definitive agreement to acquire all the outstanding capital stock of StreamVPN Limited. The announcement follows the approval of the transaction by FactSet's board of directors. FactSet will pay consideration of GBP 13,000,000, subject to adjustment based on levels of working capital. In addition, contingent consideration will be payable if certain subscription targets are met during a twelve-month period following the closing of the...

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