Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,512.38 -3.89 -0.03%
TOPIX 1,171.40 -1.97 -0.17%
HANG SENG 22,760.24 64.23 0.28%

MSCI Announces Sale of CFRA



  MSCI Announces Sale of CFRA

Business Wire

NEW YORK -- March 12, 2013

MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support
tools worldwide, announced today 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.

About MSCI

MSCI Inc. is a leading provider of investment decision support tools to
investors globally, including asset managers, banks, hedge funds and pension
funds. MSCI products and services include indices, portfolio risk and
performance analytics, and governance tools.

The company’s flagship product offerings are: the MSCI indices with close to
USD 7 trillion estimated to be benchmarked to them on a worldwide basis^1;
Barra multi-asset class factor models, portfolio risk and performance
analytics; RiskMetrics multi-asset class market and credit risk analytics; IPD
real estate information, indices and analytics; MSCI ESG (environmental,
social and governance) Research screening, analysis and ratings; ISS
governance research and outsourced proxy voting and reporting services; and
FEA valuation models and risk management software for the energy and
commodities markets. MSCI is headquartered in New York, with research and
commercial offices around the world. MSCI#IR

^1As of March 31, 2012, as published by eVestment, Lipper and Bloomberg in
September, 2012.

For further information on MSCI, please visit www.msci.com

About CFRA

Founded as the Center for Financial Research and Analysis (“CFRA”) in 1994,
CFRA is a global independent research business that provides forensic
accounting, earnings quality, and legal research and solutions to
institutional investors, underwriters, and other financial institutions. CFRA
is a recognized leader in Forensic Accounting Research and develops unique
exception-based research products that help clients sift through the noise and
assess the quality of inputs into their models and processes. The business
will continue to operate under the “CFRA” brand.

For more information please visit www.cfraresearch.com

This document and all of the information contained in it, including without
limitation all text, data, graphs, charts (collectively, the “Information”) is
the property of MSCI Inc. or its subsidiaries (collectively, “MSCI”), or
MSCI’s licensors, direct or indirect suppliers or any third party involved in
making or compiling any Information (collectively, with MSCI, the “Information
Providers”) and is provided for informational purposes only. The Information
may not be reproduced or redisseminated in whole or in part without prior
written permission from MSCI.

The Information may not be used to create derivative works or to verify or
correct other data or information. For example (but without limitation), the
Information may not be used to create indices, databases, risk models,
analytics, software, or in connection with the issuing, offering, sponsoring,
managing or marketing of any securities, portfolios, financial products or
other investment vehicles utilizing or based on, linked to, tracking or
otherwise derived from the Information or any other MSCI data, information,
products or services.

The user of the Information assumes the entire risk of any use it may make or
permit to be made of the Information. NONE OF THE INFORMATION PROVIDERS MAKES
ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS WITH RESPECT TO THE
INFORMATION (OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF), AND TO THE
MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH INFORMATION PROVIDER
EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY
IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY, TIMELINESS, NON-INFRINGEMENT,
COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE) WITH
RESPECT TO ANY OF THE INFORMATION.

Without limiting any of the foregoing and to the maximum extent permitted by
applicable law, in no event shall any Information Provider have any liability
regarding any of the Information for any direct, indirect, special, punitive,
consequential (including lost profits) or any other damages even if notified
of the possibility of such damages. The foregoing shall not exclude or limit
any liability that may not by applicable law be excluded or limited, including
without limitation (as applicable), any liability for death or personal injury
to the extent that such injury results from the negligence or wilful default
of itself, its servants, agents or sub-contractors.

Information containing any historical information, data or analysis should not
be taken as an indication or guarantee of any future performance, analysis,
forecast or prediction. Past performance does not guarantee future results.

None of the Information constitutes an offer to sell (or a solicitation of an
offer to buy), any security, financial product or other investment vehicle or
any trading strategy. You cannot invest in an index.

MSCI’s indirect wholly-owned subsidiary Institutional Shareholder Services,
Inc. (“ISS”) is a Registered Investment Adviser under the Investment Advisers
Act of 1940. Except with respect to any applicable products or services from
ISS (including applicable products or services from MSCI ESG Research
Information, which are provided by ISS), neither MSCI nor any of its products
or services recommends, endorses, approves or otherwise expresses any opinion
regarding any issuer, securities, financial products or instruments or trading
strategies and neither MSCI nor any of its products or services is intended to
constitute investment advice or a recommendation to make (or refrain from
making) any kind of investment decision and may not be relied on as such.

The MSCI ESG Indices use ratings and other data, analysis and information from
MSCI ESG Research. MSCI ESG Research is produced by ISS or its subsidiaries.
Issuers mentioned or included in any MSCI ESG Research materials may be a
client of MSCI, ISS, or another MSCI subsidiary, or the parent of, or
affiliated with, a client of MSCI, ISS, or another MSCI subsidiary, including
ISS Corporate Services, Inc., which provides tools and services to issuers.
MSCI ESG Research materials, including materials utilized in any MSCI ESG
Indices or other products, have not been submitted to, nor received approval
from, the United States Securities and Exchange Commission or any other
regulatory body.

Any use of or access to products, services or information of MSCI requires a
license from MSCI. MSCI, Barra, RiskMetrics, ISS, CFRA, FEA, and other MSCI
brands and product names are the trademarks, service marks, or registered
trademarks of MSCI or its subsidiaries in the United States and other
jurisdictions. The Global Industry Classification Standard (GICS) was
developed by and is the exclusive property of MSCI and Standard & Poor’s.
“Global Industry Classification Standard (GICS)” is a service mark of MSCI and
Standard & Poor’s.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements relate
to future events or to future financial performance and involve known and
unknown risks, uncertainties and other factors that may cause MSCI’s actual
results, levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance, or
achievements expressed or implied by these forward-looking statements. In some
cases, you can identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe,"
"estimate," "predict," "potential," or "continue", or the negative of these
terms or other comparable terminology. You should not place undue reliance on
forward-looking statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond MSCI’s control
and that could materially affect actual results, levels of activity,
performance, or achievements. Other factors that could materially affect
MSCI’s actual results, levels of activity, performance or achievements can be
found in MSCI's Annual Report on Form 10-K for the fiscal year ended December
31, 2012 and filed with the Securities and Exchange Commission (SEC) on March
1, 2013, and in MSCI’s quarterly reports on Form 10-Q and current reports on
Form 8-K filed with the SEC. If any of these risks or uncertainties
materialize, or if MSCI’s and underlying assumptions prove to be incorrect,
actual results may vary significantly from what we projected. Any
forward-looking statement in this release reflects MSCI’s current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to MSCI’s and otherwise. We assume no
obligation to publicly update or revise these forward looking statements for
any reason, whether as a result of new information, future events or
otherwise.

Contact:

MSCI Inc.
New York
Edings Thibault, + 1-212-804-5273
or
Media Enquiries
London
Jo Morgan, + 44-20-7618-2224
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement