On Friday, Equifax announced that it has completed its purchase of "certain business assets and the operations" of Computer Sciences' CSC Credit Services -- the largest independent consumer credit reporting agency in the United States. Equifax had previously announced the $1 billion acquisition on Dec. 3.
In that earlier statement, Equifax had noted that it expects its new subsidiary to produce $230 million in revenues by the end of 2012 and earn $100 million in operating income.
Both companies' shares traded down today, with Equifax declining 0.6% to $53.41, and Computer Sciences dropping 0.3% to $39.11.
The article Equifax Completes Purchase of CSC Credit Services originally appeared on Fool.com.Fool contributor Rich Smith and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.