Another Indian strikes it big in US

 CCC shareholders will receive $26.50 per share in cash, which is a premium of almost 4% to Wednesday's closing price of $25.50.

 "This transaction delivers excellent value to CCC Information Services stockholders, and we look forward to pursuing with Investcorp a range of opportunities that lie ahead for our company," Githesh Ramamurthy, chairman and CEO of CCC, said. "The successful completion of this transaction, combined with our tender offer in 2004, will result in our having returned approximately $700 million to our stockholders. This transaction represents an endorsement of the success of CCC's business, and our on-going commitment to provide our customers with significant value."

 Following the deal, which is expected to close in the fourth quarter of
2005, CCC will continue to be headquartered in Chicago, and led by the current management team including Githesh Ramamurthy.

 CCC supplies advanced software, communications systems, Internet and
wireless-enabled technology to automotive claims and collision repair
industries.