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Equifax Completes Purchase of CSC Credit Services

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On Friday, Equifax (NYSE: EFX  ) announced that it has completed its purchase of "certain business assets and the operations" of Computer Sciences' (NYSE: CSC  ) CSC Credit Services -- the largest independent consumer credit reporting agency in the United States. Equifax had previously announced the $1 billion acquisition on Dec. 3.

In that earlier statement, Equifax had noted that it expects its new subsidiary to produce $230 million in revenues by the end of 2012 and earn $100 million in operating income.

Both companies' shares traded down today, with Equifax declining 0.6% to $53.41, and Computer Sciences dropping 0.3% to $39.11.


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DocumentId: 2172068, ~/Articles/ArticleHandler.aspx, 8/28/2016 8:22:59 AM

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Related Tickers

8/26/2016 4:02 PM
CSC $46.11 Down -0.85 -1.81%
Computer Sciences CAPS Rating: **
EFX $131.47 Up +0.98 +0.75%
Equifax CAPS Rating: ****

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