Bloomberg Beat BNA Bidders on Anti-Trust Concerns
- Tuesday, 06 September 2011
- News
Bloomberg's pending acquisition of the Bureau of National Affairs began with the decision of officers to shop the company last spring. BNA entered nondisclosure agreements with six organizations and in the end Bloomberg was competing with two other bidders, one offering a slightly higher price per share, according to documents filed with the SEC. Bloomberg won because it did not have the potential anti-trust issues the other finalists faced.
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