Delaware judge orders Verisk to proceed with $2.35 billion AccuLynx deal

Delaware judge orders Verisk to proceed with $2.35 billion AccuLynx deal

WASHINGTON, Aug 7 (Reuters) – A Delaware judge ordered data analytics firm Verisk to try completing its planned $2.35 billion ​acquisition of roofing software maker AccuLynx, with ‌the order coming more than seven months after Verisk said it pulled the plug on the deal.

Here are details:

• Bonnie David, a ​Delaware Chancery Court judge, said Verisk’s termination ​of the deal was invalid “because its willful conduct ⁠caused the failure of a condition to closing.”
• In ​late December, Verisk had said its decision to terminate ​the deal followed a notification from the U.S. Federal Trade Commission that the agency had not completed its review of ​the transaction by the termination date of December ​26.
• AccuLynx had notified Verisk that it believed the deal termination was ‌invalid. ⁠Verisk had said it strongly disagreed with the assertion and planned to “vigorously” defend its position.

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• Verisk had unveiled its plan to acquire AccuLynx in July 2025, a ​deal that ​was initially ⁠expected to close by the third quarter of 2025.
• The FTC had in October ​sought more details from Verisk and AccuLynx ​about ⁠the proposed transaction, signifying an extended regulatory review and delaying the closing of the deal.
• The judge said on ⁠Friday ​that AccuLynx was entitled to damages ​for direct costs with interest.
• The deal is subject to FTC approval.

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