When Verisk was wrapping up its acquisition of EagleView in 2014, it was stopped in its tracks. At https://www.verisk.com/archived/ver...-to-acquire-eagleview-technology-corporation/ one can read, “JERSEY CITY, N.J., December 16, 2014 — Verisk Analytics, Inc. (Nasdaq:VRSK), a leading source of information about risk, today announced the conclusion of its efforts to acquire EagleView Technology Corporation (EagleView) following the vote by the Federal Trade Commission (FTC) to challenge the transaction . . . ” The FTC's reason was that combining the two firms would create a near-monopoly in the roof-geometry sector.
That was in 2014, so things may not look the same way to the FTC in 2022. In the recent Verisk-EagleView litigation, the parties settled, and agreed to work together, which is why I see them as a team, and if NEA links to that team. The FTC may, or may not, object in 2022.
NEA Price at posting:
$1.93 Sentiment: Hold Disclosure: Held
