US Morningstgar buys Footnoted ops of Financial Fineprint.
US investment research company Morningstar (NASDAQ:MORN) said yesterday it has bought the Footnoted unit of privately-owned Financial Fineprint for an undisclosed price.
The purchase of Footnoted, a research service provider, covers the Footnoted.org web site and the Footnoted Pro service of FinancialFineprint.
Footnoted.org, founded in 2003, reviews regulatory filings of companies and points out critical information, such as evidence of aggressive accounting, excessive compensation, or the type of questionable self-dealing that can indicate more serious problems at a company.Footnoted Pro is a service for institutional investors, such as hedge fund firms.
Sector: Business/Consumer Services
Buyer: Morningstar Inc
Vendor: Financial Fineprint Inc
Type: Corporate acquistion
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|Publication:||M & A Navigator|
|Date:||Feb 10, 2010|
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