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March 12, 2013
07:31 EDTMSCIMSCI enters into definitive agreement to sell CFRA business
MSCI announced that it has entered into a definitive agreement to sell its CFRA business, a leading provider of forensic accounting research, to a private investor for an undisclosed purchase price. The transaction is expected to close within the next two months, subject to customary closing conditions. CFRA is included within MSCI's Governance business segment for financial reporting purposes. The transaction is not expected to have a material impact on MSCI's results of operations. Davis Polk & Wardwell LLP acted as legal advisers to MSCI.
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