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Verisk is terminating a definitive agreement to acquire AccuLynx.

The Jersey City-based data analytics and technology provider announced the move Dec. 29. Initially disclosing the acquisition in July, Verisk said at the time it would buy the all-in-one, cloud-based business management software provider in a $2.4 billion cash deal. AccuLynx specifically serves roofing contractors.

In its Monday announcement, publicly traded Verisk said the decision to step away from the transaction follows notification from the Federal Trade Commission (FTC) that it has not completed its review. The definitive agreement included a Dec. 26, 2025, termination date.

According to the announcement from Verisk, the one-time target notified that company it believes the merger termination is invalid. Verisk said it strongly disagrees and intends to “vigorously defend against any such assertions.”

AccuLynx did not immediately return a request for comment.

Continued confidence

Along with news about the merger, Verisk also said it will redeem the $1.50 billion aggregate principal amount of senior notes issued in connection with the planned acquisition. The company will pay 101% of their principal amount, plus accrued and unpaid interest, to the redemption date. A special mandatory redemption provision in the terms requires the company to retire the debt, it said.

Pro forma for the redemption of the notes, Verisk’s leverage as of Sept. 30, 2025, would have been 1.9 times LTM adjusted EBITDA. As of Sept. 30, 2025, Verisk had $1.2 billion of capacity remaining under its share repurchase authorization

“Verisk remains committed to our capital allocation discipline – balancing organic investment in our highest return on capital opportunities while returning capital to shareholders through dividend and repurchases,” said Verisk President and CEO Lee Shavel, adding, “We continue to have confidence in our ability to deliver results in line with our long-term growth targets for this year, for 2026 and beyond.”