Experian To Be Spun Off InIPO
LONDON - (03/31/06) -- GUS plc. said this week it plans tospin off its Experian unit, one of three companies that dominatethe U.S. market for credit reporting, in an initial public offeringvalued at almost $2 billion later this year. GUS, the 106-year-oldGreat Universal Stores, plans to retain ownership of the rest ofits operations, which is comprised mostly of the Argus and Homebaseretail chains. Experian, along with Equifax and TransUnion, are thethree major credit bureaus that dominate the market for creditreporting to both lenders and institutions.