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LONDON, UK / ACCESSWIRE / December 15, 2016 / Active Wall St. blog coverage looks at the headline from data technology company Neustar, Inc. (NYSE: NSR) as the Company announced on December 14, 2016 that it had agreed to be acquired by a private investment group led by Golden Gate Capital. The all-cash transaction is valued at approximately $2.9 billion, including debt to be refinanced. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Neustar's competitors within the Diversified Communication Services space, BlackBerry Ltd. (NASDAQ: BBRY), will be reporting its results for Q3 FY17 on December 20, 2016. AWS will be initiating a research report on BlackBerry in the coming days.

Today, AWS is promoting its blog coverage on NSR; touching on BBRY. Get all of our free blog coverage and more by clicking on the links below:

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Transaction overview

According to terms of the deal, shareholders of NeuStar will receive $33.50 in cash for each share that they hold. The offer price is at a 45% premium of the Neustar's stock price as on November 11, 2016, which was a day before Golden Gate Capital disclosed its equity position in Neustar via a filing to the US Securities and Exchange Commission.

A GIC affiliate will invest in the company and at the close of the transaction own a minority stake in the company. As part of the agreement Neustar can solicit proposals from other third party investors for thirty days, however there are no guarantees that this exercise will lead to a better offer. At the close of the transaction Neustar will become a private company and will be delisted from the NYSE.

The transaction is expected to close before the end of the third quarter of 2017 and is subject to regulatory approvals and other closing conditions.

Commenting on the deal, Lisa Hook, President and CEO of Neustar said:

"We believe this transaction will enable us to continue to execute against our strategy and strengthen our market position as a leader in marketing, risk, security and communication solutions."

Rishi Chandna, a Managing Director with Golden Gate Capital added:

"We strongly believe in the Company's strategic direction and have been very impressed with the team's ability to transform the business into both a trusted, neutral provider to the telecom industry and a leading information services provider."

About the Private Equity Investors

San Francisco, California-based Golden Gate Capital is a private holding company with over $15 billion of capital under management. Golden Gate Capital is one of the most active software investors in the world and has invested in companies like BMC Software, Ex Libris, Micro Focus, and LiveVox.

GIC is a Singapore-based global investment firm which has invested in sectors like real estate, private equity, equities and fixed income. In private equity, GIC invests through funds as well as directly in companies, partnering with its fund managers and management teams.

Deviation from actual plan

The current agreement is contrary to Neustar's original plan which it had revealed in June 2016. NeuStar had intended to divide the company into two independent publicly traded companies. One company was to concentrate on Information Services, including marketing, security, and related data services, and the other company was to concentrate on order management and numbering services, including NPAC Services.

Financials Briefing

Neustar had announced its results for the third quarter ending September 30, 2016. It reported $300.1 million in revenues and net income of $53.0 million which is $0.96 per share. Its non-GAAP adjusted EBITDA was $134.5 million and adjusted net income was $121.0 million.

Stock Performance

On Wednesday, the stock closed the trading session at $33.45, surging 20.98% from its previous closing price of $27.65. A total volume of 15.90 million shares have exchanged hands, which was higher than the 3-month average volume of 527.94 thousand shares. Neustar's stock price advanced 38.51% in the last month, 27.43% in the past three months, and 40.84% in the previous six months. Furthermore, on a year-to-date basis, the stock soared 39.55%. Shares of the company have a PE ratio of 11.80 and have a market capital of $1.82 billion.

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SOURCE: Active Wall Street