ChoicePoint, Reed Elsevier merger OK'd by Committee on Foreign Investment

By Lisa Kerner

Charlotte, N.C., Sept. 2 - The Committee on Foreign Investment in the United States determined there are "no unresolved national security concerns" in the proposed merger of ChoicePoint Inc. and Reed Elsevier Group plc, a ChoicePoint news release said.

In February, Reed Elsevier agreed to acquire ChoicePoint for $50 per share, or $4 billion.

ChoicePoint said its shareholders overwhelmingly approved the merger agreement in April.

Alpharetta, Ga.-based ChoicePoint provides identification and credential verification services.

Reed Elsevier is a publisher and information provider based in London. The company is jointly owned by Reed Elsevier plc and Reed Elsevier NV.

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