CCC and Mitchell International Cancel $1.4 Billion Merger

CCC Information Services and Mitchell International Inc. have called off their $1.4 billion merger, after a federal court granted an FTC request for a preliminary injunction. According to Reuters, the FTC had argued that the merger would “in the market for electronic systems used to estimate how much repairs will cost after a collision and how to value totaled cars.” CCC is a Chicago-based portfolio company of Investcorp, while Mitchell is a San Diego-based portfolio company of Aurora Capital Group.

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