ChoicePoint, Reed Elsevier merger on track to close Friday

By Lisa Kerner

Charlotte, N.C., Sept. 16 - The Federal Trade Commission terminated the Hart-Scott-Rodino waiting period in Reed Elsevier Group plc's proposed acquisition of ChoicePoint Inc.

With all closing conditions now met, ChoicePoint said it expects to close the transaction on Friday.

ChoicePoint will remain in Alpharetta, Ga., and operate as part of Reed Elsevier's LexisNexis Risk & Information Analytics Group, according to a ChoicePoint news release.

In February 2008, Reed Elsevier agreed to acquire ChoicePoint for $50 per share, or $4 billion. ChoicePoint shareholders approved the merger in April, it was previously reported.

Reed Elsevier is a publisher and information provider based in London. The company is jointly owned by Reed Elsevier plc and Reed Elsevier NV.

ChoicePoint provides identification and credential verification services.

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