expects to complete its purchase of an Australia-based information, research, and financial trade publishing firm this month.
The U.S. mutual fund tracking firm announced
last week that it's agreed to buy Aspect Huntley
for 30 million Australian dollars, or about US$22 million, in cash. Aspect Huntley employs 65 people in Australia and Thailand.
Morningstar CEO Joe Mansueto
said the acquisition is part of Morningstar's international expansion, one of its growth strategies. The company already has operations in 13 countries and a presence down under, with 34 employees in Australia and New Zealand.
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