CHICAGO and SAN DIEGO - CCC Information Service Inc. of Chicago and Mitchell International Inc. of San Diego have announced they will no longer pursue a merger of the two companies.
CHICAGO and SAN DIEGO – CCC Information Service Inc. of Chicago and Mitchell International Inc. of San Diego have announced they will no longer pursue a merger of the two companies.
"In light of the court's decision, we have jointly decided to terminate the merger. A year ago when we announced the transaction, our stated objective was to deliver greater innovation to our customers and partners. This theme has remaied a constant and will continue to be at the forefront of our efforts," stated Githesh Ramamurthy, Chairman and CEO of CCC.
Alex Sun, president and CEO of Mitchell International noted, "Serving our customers has always been our primary focus. We have reached the point in the regulatory process in which our customers, employees and shareholders are best served by continuing as independent companies.”
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