The merger agreement has been approved by the Boards of Directors of both companies, and the transaction is expected to close in August subject to customary closing conditions.
According to a press release, NewRiver has been an important supplier to Broadridge for nearly 10 years. The acquisition strengthens Broadridge’s compliance communication capabilities.
NewRiver’s associates, located in Andover, Massachusetts, and New Delhi, India, will become part of Broadridge’s Investor Communication Solutions division. More about Broadridge is at http://www.broadridge.com.