According to the Complaint, Dun & Bradstreet, Inc. ("Dun & Bradstreet" or the "Company") is a provider of business information and technology solutions, which help its customers reduce credit risk, manage business relationships, and collect cash and receivables. The Company’s databases include information regarding both public and private companies around the world.
On July 26, 2018, the Company announced the proposed acquisition of Dun & Bradstreet by an investor group led by CC Capital, Cannae Holdings and funds affiliated with Thomas H. Lee Partners, L.P. On August 8, 2018, Dun & Bradstreet's Board of Directors (the "Board") caused the Company to enter into an agreement and plan of merger, pursuant to which Dun & Bradstreet’s stockholders will receive $145 in cash for each share of Dun & Bradstreet common stock they hold (the “Merger Consideration”). The Complaint alleges that on September 12, 2018, in order to convince Dun & Bradstreet shareholders to vote in favor of the Proposed Transaction, the Board authorized the filing of a materially incomplete and misleading Proxy Statement on Schedule 14A (the “Proxy”) with the Securities and Exchange Commission, in violation of Sections 14(a) and 20(a) of the Exchange Act.
This case was voluntarily dismissed on December 10, 2018.