By Kanishka Singh
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.
(Reporting by Kanishka Singh in Washington; Editing by Tom Hogue)