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BULLETIN: GUS PLC Acquires Consumerinfo.com for $130 Million Mar 02
Standard & Poors, March 2002
Abstract
Standard & Poor's said today that the announcement by The Great Universal Stores PLC (GUS; A-/Stable/A-2) of its agreement to acquire Consumerinfo.com, a U.S. credit report supplier, for $130 million has no impact on the company's credit ratings or outlook. This move is strategic in terms of the group's commitment to expanding its information services business, as the acquisition will complement the competitive position of Experian (GUS' information services business) in providing consumer information. Experian benefits from its expertise in managing comprehensive credit databases (with more than 200 million customers in the U.S.) and from its long-term customer relationships, and enjoys high barriers to entry. Consumerinfo.com generates $50 million in sales through its 778,000 members, and focuses on allowing them...
Companies mentioned in this report are: Experian Finance PLC
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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