Equifax to Acquire Mexico's Círculo De Crédito in Definitive Agreement
EFX is trading near its 52-week low of $150.745 (13% above the low).
Summary
Equifax has announced a definitive agreement to acquire Círculo De Crédito, a credit bureau and credit-info services company operating in Mexico. This strategic acquisition is valued at an enterprise value of $750 million. The move is a clear step in Equifax's international growth strategy, aiming to expand its presence and data capabilities within the Latin American market. Círculo De Crédito reported revenues of $134 million for the 12 months ended June 30.
At the time of this announcement, EFX was trading at $170.00 on NYSE in the Finance sector, with a market capitalization of approximately $20.5B. The 52-week trading range was $150.75 to $275.91. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.