Equifax to buy Talx Corp. in $1.4 billion cash and stock deal

<p>Credit reporting agency Equifax Inc. has reached a cash and stock deal to buy Talx Corp., a provider of employment verification and related human resources and payroll services, in a cash and stock deal.</p><p>A joint statement from the two companies Wednesday said the deal is valued at $1.4 billion, including the assumption of debt.</p><p>The acquisition is subject to certain regulatory approvals, approval by Talx shareholders and other closing conditions.</p><p>Based in St. Louis, Talx serves over 9,000 clients in the U.S. It provides a wide spectrum of products and services including employment and income verification, pay reporting, hiring, and employment tax management services. Through its fiscal third quarter ended Dec. 31, Talx reported revenues of $197 million.</p><p>Atlanta-based Equifax is one of the largest sources of consumer and commercial data. It employs roughly 4,900 people in 14 countries throughout North America, Latin America and Europe.</p>