- Bloomberg reports information software/services provider IHS is mulling a bid for auto insurance software vendor Solera (NYSE:SLH) that would top the $6.5B ($55.85/share) deal Solera agreed to with P-E firm Vista Equity.
- Solera has risen to $56.15 after hours. Reuters previously reported (before the Vista deal was announced) an IHS/Solera deal was possible.
- With IHS currently sporting an $8B market cap and having just $226M in cash as of May 31 (to go with $2.1B in debt), any offer for Solera would likely have a stock component.