New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 27, 2014
08:03 EDTMSCIMSCI to acquire GMI Ratings for $15M in cash
MSCI has agreed to acquire GMI Ratings, a provider of ESG ratings and research to institutional investors, through its subsidiary MSCI ESG Research Inc. The transaction is expected to close in the third quarter, subject to customary closing conditions. The total consideration for GMI Ratings is $15M in cash, subject to customary closing adjustments. The transaction is not expected to have a material impact on MSCIís results of operations for 2014. Davis Polk & Wardwell LLP acted as legal advisers to MSCI.
News For MSCI From The Last 14 Days
Check below for free stories on MSCI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 31, 2014
07:45 EDTMSCIMSCI sees FY14 adjusted EBITDA expenses $595M-$605M
FY14 adjusted EBITDA expenses, which include all operating expenses except amortization of intangible assets and depreciation and amortization of property, equipment and leasehold improvements, are expected to be in the range of $595M-$605M. The prior guidance was for FY14 adjusted EBITDA expenses to be in the range of $569M-$582M. The revised guidance includes the impact of the acquisition of GMI Ratings, as well as higher spending in other areas. Sees FY14 effective approximately 36%. Sees FY14 CapEx, including software capitalization, $50M-$55M. The previous range was $45M-$55M. Sees FY14 cash flow from operations $275M-$325M.
07:33 EDTMSCIMSCI reports Q2 adjusted EPS 55c, consensus 50c
Reports Q2 revenue $254.2M, consensus $246.69M.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use