JERSEY CITY, N.J., September 28, 2010 (GLOBE NEWSWIRE) — Verisk Analytics, Inc. (Nasdaq:VRSK), a leading source of information about risk, announced today the pricing of its previously announced secondary public offering of 19,030,515 shares of the Company’s Class A common stock at a price to the public of $27.25 per share. Proceeds to the selling stockholders from the offering are approximately $26.36 per share. Verisk will not receive any proceeds from the sale of shares in the offering.
The Company expects to close the offering, as well as its previously announced concurrent repurchase of 7.3 million shares at the net offering price to stockholders of approximately $26.36 per share, for a total repurchase of $192.5 million, on Friday, October 1, 2010.
BofA Merrill Lynch, Morgan Stanley, and J.P. Morgan are acting as joint book-running managers for the offering. Wells Fargo Securities is acting as senior co-manager. William Blair & Company, Keefe, Bruyette & Woods, RBS, and SunTrust Robinson Humphrey are acting as co-managers. The selling stockholders have granted the underwriters a 30-day option to purchase an additional 2,854,577 shares to cover over-allotments, if any.
The shares of Class A common stock are being offered only by means of a prospectus. A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus related to this offering may be obtained from BofA Merrill Lynch (Attention: Prospectus Department, 4 World Financial Center, New York, NY 10080 or e-mail: firstname.lastname@example.org); Morgan Stanley (Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or telephone: 1-866-718-1649); or J.P. Morgan Securities LLC (c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or telephone: 1-866-803-9204).
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.
MWW Group (for Verisk Analytics)
Head of Investor Relations
Verisk Analytics, Inc.