WASHINGTON, Aug 7 (Reuters) - A Delaware judge ordered data
analytics firm Verisk to try completing its planned
$2.35 billion acquisition of roofing software maker AccuLynx,
with the order coming more than seven months after Verisk said
it pulled the plug on the deal.
Here are details:
* Bonnie David, a Delaware Chancery Court judge, said
Verisk's termination of the deal was invalid "because its
willful conduct caused the failure of a condition to closing."
* In late December, Verisk had said its decision to
terminate the deal followed a notification from the U.S. Federal
Trade Commission that the agency had not completed its review of
the transaction by the termination date of December 26.
* AccuLynx had notified Verisk that it believed the deal
termination was invalid. Verisk had said it strongly disagreed
with the assertion and planned to "vigorously" defend its
position.
* Verisk had unveiled its plan to acquire AccuLynx in July
2025, a deal that was initially expected to close by the third
quarter of 2025.
* The FTC had in October sought more details from Verisk and
AccuLynx about the proposed transaction, signifying an extended
regulatory review and delaying the closing of the deal.
* The judge said on Friday that AccuLynx was entitled to
damages for direct costs with interest.
* The deal is subject to FTC approval.