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Neustar to be acquired in $2.9 billion deal

Staff Writer |
Neustar said it has entered into a definitive agreement to be acquired by a private investment group led by Golden Gate Capital in a transaction valued at approximately $2.9 billion, including debt to be refinanced.

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Under the terms of the agreement, which was unanimously approved by Neustar board, Neustar’s shareholders will receive $33.50 per share in cash.[break]

This represents a premium of 45% to Neustar’s closing stock price on November 11, 2016, the day prior to Golden Gate Capital’s filing of a Form 13F with the SEC disclosing an equity position in Neustar.

An affiliate of GIC will also invest in Neustar and will become a minority owner of the Company following closing of the transaction.

Since the beginning of 2011, Neustar has been executing against a multi-year strategic plan to leverage the Company’s position in Order & Inventory Management and real-time Numbering Services, including foundational capabilities in managing complex datasets and authoritative real-time connectivity, to become a market-leading provider of Information Services.

Neustar has built a robust market position around unique, hard-to-replicate datasets and the data science that provides authoritative identities, updated in real time.

At the same time, the Information Services business has been built independent of the Number Portability Administration Center (NPAC) operations and data.

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