CCC Information Services Inc., of Chicago, and Mitchell International Inc., of San Diego, announced today that they will no longer pursue the 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 remained a constant and will continue to be at the forefront of our efforts,” said Githesh Ramamurthy, chairman and CEO of CCC.
“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,” said Alex Sun, president and CEO of Mitchell International.
To read a previous story about the merger, click HERE.