Bloomberg Completes BNA Purchase
Bloomberg has completed its acquisition of The Bureau of National Affairs in a cash tender deal worth about $1 billion. BNA is now a stand-alone, wholly-owned subsidiary of Bloomberg and is part of the Bloomberg Industry Verticals Group.
The shareholders of the employee-owned BNA tendered about 95 percent of their stock during the 20-business-day offering period. BNA continues to be led by CEO Paul Wojcik and president and COO Greg McCaffery and other members of pre-acquisition management team.
