JERSEY CITY, N.J., Sept. 16, 2010 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq:VRSK), a leading source of information about risk, today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of Class A common stock. Selling stockholders intend to offer $500 million of Class A common stock, including current shares of Class B common stock that will be converted to Class A common stock as part of the offering.
All of the shares will be offered and sold by stockholders of Verisk and the selling stockholders will receive all of the net proceeds from this offering. Verisk will not be selling any shares of its Class A common stock as a part of the offering. Any shares of Class B common stock not converted into Class A and sold into the offering will remain subject to the original conversion dates to Class A of April 6, 2011 for Class B-1 and October 6, 2011 for Class B-2.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement on Form S-1 may be accessed through the SEC's website at edgar.sec.gov.
This announcement is being made pursuant to and in accordance with Rule 134 under the Securities Act. As required by Rule 134, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
The offering is subject to market and other conditions, including the effectiveness of the registration statement filed under the Securities Act of 1933.
BofA Merrill Lynch, Morgan Stanley and J.P. Morgan Securities LLC will act as joint book-running managers for the proposed offering. The offering will be made only by means of a prospectus. Once available, a preliminary prospectus relating to this offering may be obtained from: BofA Merrill Lynch, Attention: Prospectus Department, 4 World Financial Center, New York, NY 10080 or email: email@example.com; Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or telephone: (866) 718-1649; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717 or telephone: (866) 803-9204.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.
The Verisk Analytics logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6694
CONTACT: MWW Group (for Verisk Analytics) Media Rich Tauberman 202-585-2282 firstname.lastname@example.org Verisk Analytics, Inc. Investor Relations Eva Huston, Head of Investor Relations 201-469-2142 email@example.com