IHS Inc. is a leading global source of critical information and analytics. The company was granted early termination of the waiting period to close acquisition for RL Polk & Co. The decision was based under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The early close of the acquisition deal will be subjected to the satisfaction of closing conditions. Last June 9, IHS announced acquisition for RL Polk & Co, a recognized leader in providing automotive information and analytics solutions.
The early closing of the transaction was seen to transpire by July 15. IHS will disclose more information regarding the deal and its plans regarding RL Polk & Co during a conference call that will be announced following the closing.
RL Polk & Co has two divisions that provide actionable market intelligence, powerful tools and analytics. The company also provides extensive vehicle history data. The combination of the two companies, RL Polk and IHS, would mean creation of comprehensive capability that would enhance clients' insights and decision process in the market.
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