Verisk said it will proceed in line with a Delaware Supreme Court order that upheld a lower court’s judgment concerning its planned acquisition of AccuLynx, a software company serving the property-restoration industry. The company did not describe the substance of the courts’ judgment in its statement.
The acquisition has not closed. Verisk said it remains subject to customary closing conditions and review by the Federal Trade Commission, and that completion is not guaranteed.
Key details
- The deal is between Verisk and ExactLogix, which does business as AccuLynx. Verisk’s announcement describes it as a transaction but provides no purchase price, payment terms or expected closing date.
- The Delaware Supreme Court affirmed the Chancery Court’s judgment. Verisk said it would proceed in accordance with the order.
- FTC review and other customary closing conditions remain outstanding. Verisk did not say whether the court order changes the transaction’s terms or timetable.
What it means
The court decision did not mark the deal’s completion: Verisk says the acquisition still faces regulatory review and closing conditions. The announcement leaves the transaction’s financial terms and the specific effect of the court ruling unclear.