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Morningstar to Acquire S&P's Mutual Fund Data Business

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Morningstar, Inc. and Standard and Poor’s, a division of The McGraw-Hill Companies, have entered into a definitive agreement for Morningstar to acquire Standard and Poor’s mutual fund data business for $55 million in cash. S&P’s fund data business consists of data and products covering more than 135,000 managed investment vehicles, including mutual funds, exchange-traded funds (ETFs), hedge funds, and offshore funds. Under terms of the agreement, Standard and Poor’s will license fund data from Morningstar after the acquisition is completed. The companies expect to complete the transaction in March, subject to customary closing conditions.

The acquisition will give Morningstar significant new opportunities in Europe and Asia, where S&P’s mutual fund data business is particularly strong. Noting that more than 1,100 institutions around the world use S&P data products, Morningstar estimates that it will be able to extend its reach to about 10,000 new advisors outside the U.S.


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