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Equifax to Acquire Identity Protection and Resolution Services Firm ID Watchdog
Monday 19 June 2017

19 June 2017 - US-based credit bureau Equifax Inc. (NYSE: EFX) has agreed to acquire US-based consumer-facing identity theft protection and resolution services provider ID Watchdog (TSX Venture: IDW) for USD 63.335m in cash, which equates to approximately USD 0.40 per ordinary share, the company said.

Based in Denver and listed on the Toronto Venture Exchange, ID Watchdog is a provider of identity protection and resolutions services with primary distribution through the employee benefits channel.

Closing of the acquisition is subject to customary closing conditions and ID Watchdog shareholder approval. The acquisition is anticipated to close in 3Q17.

The purchase price represents a premium of 77% of the closing price of the company's ordinary shares on the TSX Venture on 15 June 2017. The transaction is structured as a statutory merger and is expected to be completed in 3Q17.

Teknos Associates LLC has issued an opinion that the consideration to be received by ID Watchdog's shareholders in the merger is fair, from a financial point of view, to such shareholders.

ID Watchdog's financial advisor is Headwaters MB. ID Watchdog's legal advisors are Polsinelli PC, Fogler, Rubinoff LLP and Walkers. Equifax's legal advisor is King and Spalding LLP.
Date Published: 19/06/2017
Target: ID Watchdog
Country: USA
Deal Size: 63.335m (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Buyer: Equifax Inc
Buyer Advisor: King and Spalding LLP