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Stock Market & Financial Investment News

News Breaks
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.
News For MSCI From The Last 14 Days
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May 19, 2015
08:45 EDTMSCIMSCI says $300M ASR completed, $550M remains under buyback authorization
MSCI Inc. announced that it will receive approximately 1.2M shares of its common stock on May 21 in connection with the settlement of the $300M accelerated share repurchase agreement, or ASR, it entered into on September 18, 2014. MSCI repurchased a total of 5.7M shares as part of the September 2014 ASR. The outstanding authorization of the board to repurchase shares of MSCI common stock with an aggregate value of up to $550M is part of MSCIís commitment to return approximately $1B in capital to shareholders by the end of 2016.

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