Dec 29: Data analytics company Verisk announced on Monday that it has walked away from its planned $2.35 billion purchase of roofing software firm AccuLynx, citing delays in the regulatory review process.
The company said the move came after being informed by the U.S. Federal Trade Commission that the agency would not complete its review of the transaction before the agreed termination date of December 26.
AccuLynx has pushed back against the decision, telling Verisk it considers the deal termination to be “invalid.” Verisk said it “strongly disagrees” with that position and plans to “vigorously defend” its stance.
Following the announcement, shares of New Jersey-based Verisk rose about 1.7 percent in afternoon trading.
Analysts at Raymond James said ending the deal could lead Verisk to step up share buybacks in 2026.
Verisk first revealed plans to acquire AccuLynx in July, with the transaction initially expected to close by the third quarter of 2025. However, in October, the FTC requested additional information from both companies, signaling a deeper review and pushing back the expected closing timeline.
At that time, Verisk executives said they were continuing to make progress toward securing regulatory approval.
After extending the termination deadline to December 26, Verisk ultimately called off the deal when the transaction failed to close by that date.
An unresolved regulatory review beyond a termination deadline often leaves companies with two choices: engage in what could be a prolonged legal fight or abandon the deal altogether.
AccuLynx and the FTC did not immediately respond to requests for comment from Reuters.
Founded in 2008, AccuLynx develops software designed to help roofing contractors streamline operations and manage their businesses more effectively.
With the acquisition now off the table, Verisk said it plans to redeem $1.5 billion in debt that was issued in anticipation of completing the deal.
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