Broadridge Financial Solutions Inc, a New York Stock Exchange-listed company announced on 17 August 2010 that it acquired the US-based NewRiver Inc, an electronic investor disclosure solutions company, for $77 million. Broadridge processes information for communications and securities transactions among issuers, investors and financial intermediaries. NewRiver on the other hand offers solutions that help customers reduce their compliance risk and lower their costs.
Broadridge Acquired NewRiver Inc
Broadridge Financial Solutions Inc, a New York Stock Exchange-listed company announced on 17 August 2010 that it acquired the US-based NewRiver Inc
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