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.
(Reporting by Kanishka Singh in Washington; Editing by Tom Hogue)
Topics Legislation
Was this article valuable?
Here are more articles you may enjoy.
2,900 Required Condo Inspections Were Never Completed, Florida Report Finds 
Florida’s Edison Files for 9.8% Average Residential Rate Drop 
Allstate Q2 Net Income Jumps 56% on Underwriting 
Bring It On: AI Strategy Sways Underwriter Choices of Employers 
