Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:UPDATE | Morningstar to Buy Data Provider Not Rated 3.3 Email Routing List Email & Route  Print Print
Monday, December 17, 2007

UPDATE | Morningstar to Buy Data Provider

Reported by Erin Kello

Morningstar is buying Ipreo's Hemscott data, media and investor relations businesses for $51.6 million in cash. The deal is expected to close in early January. The transaction covers Hemscott Data, which offers financial information on publicly listed firms in the US, Canada, UK and Ireland; Hemscott India, which operates a data collection center in New Delhi, Hesmcott.com and Hesmcott IR.

Joe Mansueto
Morningstar
chairman and chief executive
"This acquisition fits with our strategies of building a premier global equity database and expanding our presence outside the United States," said Morningstar chairman and chief executive Joe Mansueto in a news release.

Hemscott has about 10 U.S-based employees, 70 U.K-based employees and 200 India-based employees. All employees will absorbed by Morningstar and will remain at their respective locations, Morningstar spokesperson Margaret Kirch Cohen told The MFWire.

Marlin & Associates New York LLC served as strategic and financial advisor to Ipreo. Morningstar did not tap an advisor for the deal, according to Cohen.

Hemscott provides fundamental public company data; executive and director information, including detailed biographies and compensation; and historical pricing and volume data on stocks.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.3
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use