Dun & Bradstreet Corp., Murray Hill, NJ, will separate Moody’s Investors Service and the Dun & Bradstreet Operating Company into two independent publicly traded companies. The Moody’s division is likely to be spun off.
D&B has retained investment banking firm Goldman Sachs to aid in the transaction.
Moody’s is the credit information sector of D&B; the Dun & Bradstreet Operating company provides commercial credit, business marketing and purchasing information and receivables management services.
The move follows a steady stream of shareholder criticism, which was spearheaded in September by Chicago-based Harris Associates L.P., D&B’s largest shareholder.
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