NEW YORK/LONDON--A subsidiary of international rating agency Fitch IBCA is planning to make an offer to acquire Duff & Phelps Credit Rating Co. (DCR) of Chicago. If the deal goes ahead the two companies will create an entity with a combined annual revenue of $260 million and a staff of 1,100.
Fitch IBCA’s subsidiary, which has not been specified, is planning to acquire DCR for $100 per share, for a total price of $528 million. The acquisition will be completed through a cash tender offer, fo
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails