MSCI 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.
MSCI raises quarterly dividend 22% to 22c per share MSCI said it is increasing its quarterly cash dividend 22% to 22c per share. The third quarter 2015 dividend is payable on August 31, 2015 to shareholders of record as of the close of trading on August 17, 2015.
MSCI lowers FY15 capex view to $45M-$55M from $55M-$65M Says FY15 adjusted EBITDA expenses are expected to come in at the low-end of the state range of $620M-$640M. Full-year 2015 Free Cash Flow is expected to be in the range of $245M-$275M.