Investment bankers and M&A consultants, now may not be the best time to try to
pitch your dream deal to Joe Mansueto
. Lynne Marek of Crain's reports
that yesterday the Morningstar
CEO told shareholders that he plans to do fewer acquisitions going forward.
| Joe Mansueto|
Chief Executive Officer
"One danger of doing more acquisitions is you might potentially confuse your
clients with your marketing message, and we really want to simplify our
business," Mansueto reportedly said yesterday morning at the Morningstar
annual meeting at the company's Chicago headquarters. "We've got a pretty
complete roster of capabilities ... I want to spend more time on better
integrating what we have and really driving excellence throughout the firm."
Mansueto reportedly also confirmed plans to continue expanding overseas,
specifically in Brazil, Dubai, Hungary and Poland.
Neil Anderson, Managing Editor
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