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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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September 12, 2014
18:18 EDTMSCIMSCI considers changing rules to accommodate Alibaba, Reuters reports
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September 9, 2014
11:59 EDTMSCIBarclays narrows bidders for index unit to Markit, S&P, Reuters says
Barclays (BCS) has narrowed the list of bidders for its Index, Portfolio and Risk Solutions business, which could fetch more than $1B, to Markit (MRKT) and McGraw Hill Financial's (MHFI) Standard & Poor's unit, according to Reuters, citing people familiar with the matter. MSCI (MSCI) and privately-held Bloomberg had also expressed interest, according to the report. Reference Link

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