Kroll to Acquire Factual Data

Kroll Inc., a risk consulting company based in New York, has agreed to acquire Factual Data Corp., a Loveland, Colo.-based provider of information to the mortgage and consumer lending industries, for approximately $115 million, the companies have announced.Under the agreement, the purchase price is expected to be $17.50 for each outstanding share of Factual Data common stock, 80% of which would be payable in cash. The remainder would be payable in Kroll common stock based on a floating exchange ratio subject to a 10% collar above and below $26.51, which is the volume-weighted average trading price of the Kroll stock for the five trading days ended June 20. Michael G. Cherkasky, Kroll's president and chief executive officer, said Factual Data's decision intelligence systems are "a clear fit with our mission of mitigating clients' risks, and its proprietary technology provides a ready-made platform for expanding our background screening capabilities into the financial services, real estate, consumer lending, and other sectors where we intend to launch new services." The companies can be found online at http://www.krollworldwide.com and http://www.factualdata.com.