The ABA Journal reports that Bloomberg has announced a deal to acquire BNA (Bureau of National Affairs), the legal, tax and regulatory research firm for $39.50 per share in a cash offer for a total purchase price of approximately $990 million. The transaction is expected to bevcompleted in 2011. The acquisition is expected to strengthen Bloomberg’s offerings in the legal information market by complementing the relatively young Bloomberg Law research system with BNA’s trusted legal, tax and regulatory content. In addition, the combination will enhance Bloomberg’s news coverage and analysis of tax and accounting, labor and employment, health care, intellectual property and telecommunications issues.
The acquisition is also going to significantly expand Bloomberg’s presence in the Washington, D.C. area, where BNA is located, to provide coverage and analysis of U.S. policy and regulatory issues for its customers.
The acquisition is also going to significantly expand Bloomberg’s presence in the Washington, D.C. area, where BNA is located, to provide coverage and analysis of U.S. policy and regulatory issues for its customers.
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