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Veronica Garabelli// December 14, 2016//
Sterling-based Neustar announced plans Wednesday to be acquired by a private equity firm for $2.9 billion.
The information services company said it has entered into a definitive agreement to be bought by a private investment group led by San Francisco-based Golden Gate Capital. Neustar’s shareholders will receive $33.50 per share in cash.
The deal, which has been approved by the company’s board of directors, is expected to close by the third quarter of 2017.
“We believe this transaction will enable us to continue to execute against our strategy and strengthen our market position as a leader in marketing, risk, security and communication solutions,” Lisa Hook, Neustar’s president and CEO, said in a statement.
The plan follows Neustar’s announcement earlier this year to split into two publicly traded companies. It planned to separate its information services company from its order management and numbering services firm.
