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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.
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