InfoUSA Inc., Omaha, NE, announced yesterday its agreement to acquire business data provider OneSource Information Services Inc., Concord, MA, for a price of $8.85 per share in cash.
According to the announcement, “The transaction has been structured as a cash tender offer for 100 percent of OneSource's outstanding shares of common stock to be followed by the merger of OneSource with and into a wholly-owned subsidiary of infoUSA.”
The offer is to take place on or about May 6. The deal, which is subject to regulatory review, is expected to close on or about June 3.
“A vote of shareholders on the merger will be required only if less than 90 percent of the shares of common stock of OneSource are tendered into the offer,” the firms said.
OneSource customers include Bank One, Chubb, Citigroup, Cisco, Deloitte & Touche, HP, i2 Technologies, Orange, Royal & SunAlliance, SAS Institute and Sun Microsystems.