Neustar Announces Intention to Separate Into Two Independent and Publicly Traded Companies

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Neustar Announces Intention to Separate Into Two Independent and Publicly Traded Companies

By CircleID Reporter
June 21, 2016, 4:18 pm PDT Views: 6,649 Add Comment

Neustar has announced intention to split the company into two publicly traded companies. This move will allow the company to separate its call routing services for telecom carriers from its marketing and security related services. Additionally the company has indicated that the latter unit, that is marketing, security, and data services, will be rebranded.

“We carefully considered a variety of strategic alternatives and determined that a spin-off is the optimal path forward for Neustar. The proposed spin-off will enable Neustar shareholders to own and value each business separately, allowing each company to attract the investor base most appropriate for its distinct investment profile,” said James Cullen, Neustar’s Chairman of the Board of Directors.

Any potential separation, subject to final approval by the Neustar Board of Directors, will likely take approximately 12 months to complete. Neustar Chief Executive Lisa Hook will serve as the president and CEO of the information services company. Chief Financial Officer Paul Lalljie will lead the other business.

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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