26 Oct '15, 7pm

#news #business IHS to make bid for Solera, rivalling Vista Equity - sources #singapore

REUTERS: IHS Inc is preparing to submit an offer next week for Solera Holdings Inc , the software maker that agreed this month to sell itself to Vista Equity Partners LLC for US$6.5 billion, including debt, people familiar with the matter said. IHS, an information services firm, is looking to reduce its exposure to the energy sector after several of its clients slashed spending amid plummeting oil prices. It sees synergies between Solera, whose software is used for the processing of car insurance claims, and R. L. Polk & Co, an automotive data company that it acquired in 2013, according to the sources. IHS is planning a stock-and-cash offer that will exceed Vista's offer of US$55.85 per share, the people said on Friday. It has lined up at least three banks to provide debt financing for its offer, the people added. Reuters first reported that Solera and IHS were in talks be...

Full article: http://www.channelnewsasia.com/news/technology/ihs-to-mak...

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