Key Developments For Morningstar, Inc.
Morningstar, Inc. (MORN.O) (Nasdaq)
Morningstar, Inc. Increases Ownership Interest in Morningstar Korea
Morningstar, Inc. announced that it has increased its ownership in Morningstar Korea Co., Ltd., located in Seoul, Korea. Morningstar previously held a 40% interest in the company and now owns approximately 80% of the company. Financial terms were not disclosed. Morningstar acquired an ownership interest of approximately 20% from Seong Ryong, Ji, a private investor, who continues to own approximately 20% of the company. Morningstar acquired an ownership interest of approximately 20% from SBI Korea Holdings Co., Ltd. Jason Hee-Yuk Yoon will continue to serve as Chief Executive Officer of Morningstar Korea.
Morningstar, Inc. Acquires Equity Stake In PitchBook Data, Inc.
Morningstar, Inc. announced that it has acquired a minority equity stake in PitchBook Data, Inc. Financial terms were not disclosed.
Morningstar, Inc.'s Morningstar Australasia Pty Limited Completes Acquisition Of Intech Pty Ltd From IOOF Holdings Limited's IOOF Transition 3 Pty Ltd
Morningstar Australasia Pty Limited, an Australian subsidiary of Morningstar, Inc. announced it has completed its previously announced acquisition of Intech Pty Ltd, a provider of multi-manager and investment portfolio solutions in Sydney, Australia, from IOOF Transition 3 Pty Ltd., a subsidiary of IOOF Holdings Limited. Terms were not disclosed.
Dole Food Company Selects Morningstar, Inc.'s Morningstar Associates to Provide 401(k) Participant Advice
Morningstar, Inc. announced that Dole Food Company will be offering online access to extensive research, education, and retirement advice services through Morningstar Retirement Manager, an investment advisory service from Morningstar Associates, LLC. Dole plans to offer Morningstar Retirement Manager free of charge to employees participating in its 401(k). Participants will have access to the service through Hewitt Associates, their plan's recordkeeper.
NASDAQ OMX Selects Morningstar, Inc. to Provide Equity Research Profile Reports On All NASDAQ-Listed Companies
Morningstar, Inc. and The NASDAQ OMX Group, Inc. announced that they have entered into an exclusive agreement for Morningstar to provide equity research profile reports on more than 3,600 NASDAQ OMX-listed companies. With the Morningstar Profile Report, NASDAQ OMX will now be able to provide all NASDAQ OMX companies with basic research coverage at no cost to the issuer. The Morningstar Profile Report will include a lengthy company profile, comprehensive data about the company and its industry, and industry context written by a Morningstar analyst. It does not include Morningstar's more detailed analyst research report, a Morningstar Rating, or a buy/sell/hold recommendation.
