secwatch.observer — SEC 8-K summary
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Issuer:     Verisk Analytics, Inc. (VRSK)
CIK:        0001442145
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0000950103-22-018776
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verisk sells Wood Mackenzie to Veritas for $3.1B cash plus up to $200M contingent
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- Sale of Wood Mackenzie for $3.1B cash at closing plus up to $200M in contingent payments.
- Transaction expected to close in Q1 2023, subject to regulatory approvals and customary conditions.
- Verisk intends to use after-tax proceeds to pay down debt and return value to shareholders via share repurchases.
- After sale, Verisk will focus on being a strategic data and technology partner to the global insurance industry.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1442145/000095010322018776/0000950103-22-018776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1442145/000095010322018776/dp183401_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-018776

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer