The largest transaction announced in 2008, according to Berkery Noyes, an advisory and financial consulting services firm specializing in M&A, has hit a roadblock. The U.S. Federal District Court in the District of Columbia granted the Federal Trade Commission’s (FTC) request for a preliminary injunction, enjoining CCC Information Services Inc. and Mitchell International Inc. from closing their previously announced merger, pending resolution of the FTC’s administrative trial currently set to commence March 31, 2009.
CCC Information Services Inc., a portfolio business of Investcorp, proposed an acquisition of Mitchell International Inc., a subsidiary of Aurora Capital Group, in 2008 for $1.40 billion.
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