Equifax Inc's Equifax Information Services LLC Announces Signing Of Definitive Agreement To Purchase Credit Services Business Of Computer Sciences Corporation For $1.0 Billion

Equifax Inc announced that its subsidiary, Equifax Information Services LLC, has entered into a definitive asset purchase agreement with CSC Credit Services, Inc., a subsidiary of Computer Sciences Corporation, to purchase certain credit services business assets and operations of CSC. The purchase price is $1.0 billion in cash. As a result of this transaction, Equifax expects to realize tax benefits from a step-up in the tax basis of the acquired assets having an estimated net present value of approximately $200 million over a 15-year amortization period. The closing of the transaction is expected to occur by year-end.