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VNU agrees to buy IMS Health

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Haarlem, the Netherlands—VNU announced Monday that it has agreed to acquire IMS Health, a Fairfield, Conn.-based health care information and consulting company, in a stock-and-cash deal valued at about $7.0 billion

The combined company had forma 2004 revenue of about $5.6 billion, pro forma annual EBITDA of about $1.3 billion and an EBITDA margin of approximately 23%. It will provide information about consumer packaged goods, health care and media.

Upon completion of the merger, VNU’s executive board will be headed by Chairman-CEO Rob van den Bergh. It will also include David Carlucci, IMS Health’s CEO, as COO and deputy CEO. Rob Ruijter, VNU’s current CFO, will retain his current position, and Nancy Cooper, IMS’ current CFO, will become chief transformation officer.

The deal is expect to close early in 2006.

—Sean Callahan

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