Fitch IBCA Plans To Acquire Duff & Phelps In $528 Million Deal

ORGANIZATION & MANAGEMENT

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

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