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

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.