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Kroll Factual Buys The Credit Network.(Brief Article)
Kroll Factual Data Inc., the mortgage screening subsidiary of Kroll Inc., New York, has purchased The Credit Network here, a mortgage credit reporting company.
The deal is valued at $20.5 million and will be paid in cash. It is expected to add $0.03 per share to Kroll's earnings in 2004.
Michael Cherkasky, president and chief executive of Kroll Inc., said, "TCN is a stellar company with a highly regarded reputation in the industry, quality clients and a solid tenured staff.
"It is an excellent fit with Kroll Factual Data and will enhance its market share, its position as an industry leader, and its profitability."
TCN is expected to generate revenue of $16.3 ...
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Source: HighBeam Research, Kroll Factual Buys The Credit Network.(Brief Article)