BNA to Be Acquired by Bloomberg

The Bureau of National Affairs (BNA), a pillar of inside-the-beltway journalism and an employee-owned company since 1947, has entered an agreement with Bloomberg, which plans to buy all of BNA's shares. The 1,465 employee-owners at BNA will receive $39.50 per share, valuing the company at $990 million. BNA covers legislative, tax, regulatory, and judicial developments in its periodicals and books.