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Announced

Morningstar to acquire the leveraged commentary and data business of S&P Global for $650m.

Financials

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Transaction Value£495m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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United States

Domestic

Pending

Private

Majority

Single Bidder

data services

Acquisition

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Information / Data Services

Synopsis

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Morningstar, a provider of independent investment research, agreed to acquire the leveraged commentary and data business of S&P Global,a provider of essential intelligence, for $650m. "Leveraged Commentary and Data has been a market-leading and trusted brand in the global markets for over two decades. We are pleased that the people that built LCD will continue to contribute to the markets under new ownership," Douglas L. Peterson, S&P Global President and CEO.

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