Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


UCG scuttles deal to sell OPIS to Platts

Published on .

Gaithersburg, Md.—B-to-b information company UCG announced Sunday that it has scrapped a pending deal to sell Oil Price Information Service to McGraw-Hill Cos.' Platts. An agreed-upon deal was announced in December. “Since the initial announcement, our customers have informed us of their opposition to this combination,” Brian Crotty, CEO of OPIS, said in a statement. “In light of the concerns expressed by our customers, we have notified Platts that we are exercising our right to terminate the acquisition agreement."

A spokesperson for Platts said, "We can confirm that the sale is off, and that Platts will continue to pursue a variety of other paths to broaden its presence and product offerings to the global energy industry."

Most Popular
In this article: