Pearson announces that it has purchased 1,130,739 shares in Interactive Data Corporation (NYSE:IDC), its majority-owned, publicly-quoted financial information company.
Pearson purchased the shares from Allan Tessler, an Interactive Data director, and related parties at a price of $21.67 per share in cash. The purchase brings Pearson's total holding in IDC to almost 62%.
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Luke Swanson/Deborah Lincoln +44 (0)207 010 2310
About Interactive Data Corporation
Interactive Data Corporation is a leading global provider of securities pricing, financial information, and analytic tools to institutional and individual investors. The Company supplies time-sensitive pricing (including evaluated pricing), dividend, corporate action, and descriptive information for more than 3.5 million securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial services and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management, and valuation activities.