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CPS > SEC Filings for CPS > Form 8-K on 10-Jun-2008All Recent SEC Filings

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Form 8-K for CHOICEPOINT INC


10-Jun-2008

Completion of Acquisition or Disposition of Assets, Financial Statements and Exhi


Item 2.01 Completion of Acquisition or Disposition of Assets.

On June 6, 2008, ChoicePoint Services Inc. and ChoicePoint Government Services LLC (collectively, the "Sellers"), each a wholly-owned subsidiary of ChoicePoint Inc. ("ChoicePoint"), completed the sale of all of the outstanding capital stock of ChoicePoint UK 1 Limited and i2, Inc. (collectively, "i2"), which are wholly-owned subsidiaries of the Sellers, to an affiliate of Silver Lake Sumeru Fund, L.P.

The aggregate consideration received for all of i2's outstanding capital stock was approximately $175.6 million, paid in cash at the closing of the transaction, subject to certain post-closing adjustments based upon the net working capital of i2 as of the closing date. The amount of consideration received reflects a pre-closing net working capital adjustment to the $185 million purchase price set forth in the Securities Purchase Agreement between the parties dated April 23, 2008. ChoicePoint issued a press release on June 10, 2008 announcing the completion of the transaction, which press release is filed herewith as Exhibit 99.1.



Item 9.01. Financial Statements and Exhibits.

99.1 Press Release of ChoicePoint Inc., dated June 10, 2008, announcing the completion of the sale of i2.


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