June 24, 1997
Reed Elsevier, a British-Dutch media company, said it is buying a trade magazine publisher and two other Walt Disney Co. units for $447 million. Reed Elsevier said it will pay cash for the three main units of Chilton Business Group, which was owned by Disney's ABC television network. The purchase of the Chilton companies will add to earnings from the start and provide significant tax benefits, Reed Elsevier said. Last year, Chilton posted a pretax profit of $28 million on sales of $203 million.
March 22, 1988 |
TRW Inc. said Monday that it has agreed to acquire Chilton Corp., a major credit-reporting company based in Dallas, for $360 million in cash and will merge the firm into its TRW Information Services in Orange. The acquisition, if cleared of antitrust problems by the U.S. Justice Department, will give TRW Information Services a big presence in the Midwest through Texas and Montana, an area that TRW does not serve. TRW expects to close the deal within three months, according to Richard D.C.
November 27, 1985
Under the agreement, Borg-Warner will begin a cash tender offer today for any and all shares of Chilton Corp., a Dallas-based credit reporting agency. Unless extended, the offer expires at midnight Dec. 26. There are about 7.1 million shares of Chilton common outstanding. Chilton's board of directors has unanimously approved the tender offer.
September 7, 1990 |
An independent credit bureau in Oregon has filed suit against TRW Inc., charging that the company's Orange-based credit reporting division engaged in price fixing and anti-competitive practices. National Information Services Inc. of Tualatin, Ore., alleges that TRW and the largest national broker of its credit information, Credit Bureau Reports Inc. of Houston, acted in concert to eliminate competition and monopolize the market for their credit network services.