Neustar considers sale of company - report

Tuesday 26 August 2014 | 10:01 CET | News
Neustar is considering a potential sale amid interest from private equity firms, people familiar with the matter told Reuters. No formal sale process is underway, but Neustar is working with investment bank JPMorgan Chase & Co as it reviews possible options following a more than 40 percent drop in its share price year-to-date. The share price has fallen due to concerns the company will lose a major government contract for number portability in the US to Telcordia Technologies. A sale process may not start until the winner of that contract has been finalized, the report said. Some firms have

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Categories: General
Companies: NeuStar / Telcordia
Countries: United States / World
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