Experian plc Amended: Update on proposed ClearScore acquisition
27 February 2019 - 7:19PM
Dow Jones News
TIDMEXPN
RNS Number : 2492R
Experian plc
27 February 2019
The date for the Experian announcement released on 27 February
2019 at 07.00 under RNS No 2469R should read 27 February 2019.
The announcement text is unchanged and is reproduced in full
below.
news release
Update on proposed ClearScore acquisition
27 February 2019 - Further to the Provisional Findings published
by the UK Competition and Markets Authority ("CMA") on 28 November
2018 and taking into account subsequent interaction with the CMA,
Experian does not believe that the CMA will approve the proposed
acquisition of ClearScore on satisfactory terms, despite the
dynamism and competitive nature of the market, and the customer
benefits arising from the proposed transaction. Experian and
ClearScore's shareholders have therefore taken the decision to
abandon the proposed transaction.
Our goal is to help more consumers with their finances by
providing greater choice and convenience to them to access personal
finance products at the best prices. Over the next year we plan to
bring exciting new innovations to market which will help consumers
address their needs across their financial lives, while also
investing in new areas to further broaden our offering.
Experian
Nadia Ridout-Jamieson Investor queries +44 (0)20 3042 4215
Gerry Tschopp Media queries +1 714 830 7756
Finsbury
Rollo Head +44 (0)20 7251 3801
Jenny Davey
About Experian
Experian is the world's leading global information services
company. During life's big moments - from buying a home or a car,
to sending a child to college, to growing a business by connecting
with new customers - we empower consumers and our clients to manage
their data with confidence. We help individuals to take financial
control and access financial services, businesses to make smarter
decisions and thrive, lenders to lend more responsibly, and
organisations to prevent identity fraud and crime.
We have 16,500 people operating across 39 countries and every
day we're investing in new technologies, talented people and
innovation to help all our clients maximise every opportunity. We
are listed on the London Stock Exchange (EXPN) and are a
constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content
hub at our global news blog for the latest news and insights from
the Group.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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February 27, 2019 03:04 ET (08:04 GMT)
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