Hoover’s Approves Buyout by D&B

ORGANIZATION AND STRATEGY

Hoover’s shareholders last week approved a $119 million buyout by financial publisher D&B.

Austin, Tex.-based business information provider Hoover’s becomes a subsidiary of D&B’s e-business solutions group, although it will operate as its own entity, says a spokesperson for D&B.

Of Hoover’s 240 employees, seven were told that they would be laid off following the merger, but CEO Jeffrey Tarr says he doesn’t expect further layoffs.

D&B, formerly known as Dun & Bradstreet, originally made an off