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Reed Elsevier's ChoicePoint acquisition cleared

Tue Sep 16, 2008 2:27am EDT

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LONDON, Sept 16 (Reuters) - Anglo-Dutch publisher Reed Elsevier (REL.L) said on Tuesday it had received regulatory clearance from the U.S. Federal Trade Commission for its proposed $4.1 billion acquisition of ChoicePoint CPS.N.

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In order to expedite regulatory clearance, ChoicePoint has agreed to sell its U.S. public records business serving the government sector, which last year generated revenues of $23 million, to Thomson Reuters TRIL.L (TRI.TO). The financial terms of that transaction were not disclosed. (Reporting by Matthew Scuffham; Editing by Rory Channing)

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