Corporate Executive Board (EXBD) to Acquire SHL from VSS in $660M Deal
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Veronis Suhler Stevenson (VSS), has signed a definitive agreement to sell its portfolio company SHL to The Corporate Executive Board Company (“CEB”) (NYSE: EXBD) for $660 million in cash, subject to customary pre- and post-closing adjustments.
The transaction is expected to close in the third calendar quarter of 2012, subject to clearance under the Hart-Scott Rodino Antirust Improvements Act of 1976. SHL and VSS were represented by financial advisors Morgan Stanley and Deloitte, and legal advisors Weil Gotsheil and Proskauer Rose.
The transaction is expected to close in the third calendar quarter of 2012, subject to clearance under the Hart-Scott Rodino Antirust Improvements Act of 1976. SHL and VSS were represented by financial advisors Morgan Stanley and Deloitte, and legal advisors Weil Gotsheil and Proskauer Rose.
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