Thursday, December 9, 2010

Platts to acquire Oil Price Information Service

NEW YORK (AP) — McGraw-Hill Companies Inc. said Wednesday that its Platts energy and metals division will acquire the Oil Price Information Service from United Communications Group.

Terms of the deal were not released. The acquisition is expected to be completed in the first half of 2011.

The Oil Price Information Service, based in Gaithersburg, Md., monitors wholesale and retail petroleum markets in North America.

McGraw-Hill shares added 17 cents, to $36.08 in midday trading Wednesday.

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