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Stock Market & Financial Investment News

News Breaks
January 23, 2013
08:22 EDTICG, MSCIICG to sell Investor Force to MSCI for $23.5M cash
ICG Group (ICG), announced that one of its consolidated companies, Investor Force, has entered into a definitive agreement to be acquired by MSCI (MSCI). Under the terms of the agreement, MSCI will acquire InvestorForce for $23.5M in cash. The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2013. ICG's share of the cash proceeds related to the sale of InvestorForce is expected to be approximately $20.7M, approximately $2.1M of which will be subject to a customary indemnification holdback. Upon closing of the transaction, ICG will record a gain of approximately $15.4M on the sale of its InvestorForce stake; the release of any escrowed proceeds to ICG will result in additional gains. ICG does not expect to owe any income taxes in connection with the transaction.
News For ICG;MSCI From The Last 14 Days
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July 17, 2015
09:07 EDTMSCIMSCI completes assurance review for IOSCO principles for financial benchmarks
MSCI announced that it has successfully completed its second assurance review of its implementation of the IOSCO Principles for Financial Benchmarks. MSCI engaged PricewaterhouseCoopers to perform the annual review, covering the period July 1, 2014 to June 30, 2015.

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