Shares of Verisk Analytics Inc. climbed 1.3% in premarket trading Monday, after the provider of analytics for the insurance and energy industries announced an agreement to sell its energy business, Wood Mackenzie, for $3.1 billion in cash at closing to Veritas Capital. Under terms of the deal, which is expected to close in the first quarter of 2023, there is also a future additional contingent payment of up to $200 million.
climbed 1.3% in premarket trading Monday, after the provider of analytics for the insurance and energy industries announced an agreement to sell its energy business, Wood Mackenzie, for $3.1 billion in cash at closing to Veritas Capital. Under terms of the deal, which is expected to close in the first quarter of 2023, there is also a future additional contingent payment of up to $200 million.
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