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Friday, 16 November 2012 - Exclusive: Dun & Bradstreet won't sell itself now - sources |
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      Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. 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Shares of Dun & Bradstreet fell more than 11 percent to $71.37 on the New York Stock Exchange on Thursday, valuing the company at around $3.2 billion. The company, which makes money through subscriptions and licensing agreements, had been working with Credit Suisse and JPMorgan Chase to explore a sale, sources said in late July. One of the sources said that Dun & Bradstreet is still seen as a potential takeover target for private equity firms and could revive efforts to sell itself in the future. The people asked not to be identified because the matter is not public. Dun & Bradstreet did not respond to requests for comment. Credit Suisse and JPMorgan declined to comment. Dun & Bradstreet is among a long list of companies that have explored and decided against a sale this year, with buyers often reluctant to meet sellers' price expectations amid global economic uncertainty and volatile stock markets. The Short Hills, New Jersey-based company has data on more than 130 million companies in over 190 countries. Its subsidiaries include Hoover's and AllBusiness.com. The 171-year-old company's shares fell sharply earlier this year when it shut down its Shanghai Roadway D&B Marketing Services Co unit in China, after revealing that some of its local employees there may have violated U.S. anti-bribery laws. But through Wednesday's close its stock had risen nearly 14 percent since July 31, when news reports emerged that the company has reached out to potential buyers. (Reporting by Nadia Damouni, Soyoung Kim and Greg Roumeliotis in New York; Editing by PM Berlowitz) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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