verisk analytics inc-class a (VRSK) Key Developments
Verisk Analytics, Inc. Approves the Amendments to Certificate of Incorporation and Bylaws
May 20 15
Verisk Analytics, Inc. announced that company's stockholders approved the amendment and restatement of the company's amended and restated certificate of incorporation and Bylaws to eliminate references to the company's Class B Common Stock, rename the company's Class A Common Stock, make related conforming changes, and update certain outdated provisions and remove certain redundant provisions, at its 2015 annual meeting of stockholders held on May 20, 2015.
Verisk Analytics, Inc. Provides Financial Guidance for the Year 2015
May 19 15
Verisk Analytics, Inc. provided financial guidance for the year 2015. The company's capital expenditures for 2015 are now expected to be about $170 million. Fixed asset depreciation and amortization for 2015 is now expected to be in a range of $120-125 million, reflecting about $110 million for Verisk excluding WoodMac. The 2015 normalized tax rate (excluding one-time items) for the combined company is estimated to be around 37.5%.
Verisk Analytics, Inc. Prices Offering of Senior Notes
May 11 15
Verisk Analytics, Inc. announced the pricing of an offering of $900.0 million of 4.000% Senior Notes due 2025 and $350.0 million of 5.500% Senior Notes due 2045. The closing of the offering is expected to occur on May 15, 2015. BofA Merrill Lynch, J.P. Morgan Securities LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
Verisk Insurance Solutions Announces Addition of Montana, Oklahoma, and Wyoming to its Fireline Wildfire Risk Management Service
May 4 15
Verisk Insurance Solutions announced he addition of Montana, Oklahoma, and Wyoming to its FireLine(TM) wildfire risk management service. Powered by Verisk Climate, FireLine provides the detailed, up-to-date information insurers need to analyze wildfire risk at the individual address level. FireLine uses advanced satellite data to assess the effects of the three primary factors that contribute to wildfire risk: fuel, slope, and road access. Fuel represents the vegetation surrounding the property, slope refers to the grade of the land upon which the property is built, and road access identifies potential barriers for firefighters to protect the property. For each address, FireLine provides a score for each primary risk factor and an overall wildfire hazard score.
Verisk Analytics Seeks Acquisitions
May 4 15
Verisk Analytics, Inc. (NasdaqGS:VRSK) intends to use proceeds from sale of securities for general corporate purposes, which could include repayments of outstanding debt, and for business acquisitions or investments.