Printer Friendly

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 web site and the Footnoted Pro service of FinancialFineprint., 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.

Country: USA

Sector: Business/Consumer Services

Target: Footnoted

Buyer: Morningstar Inc

Vendor: Financial Fineprint Inc

Type: Corporate acquistion

Status: Closed

COPYRIGHT 2010 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Feb 10, 2010
Previous Article:Dutch DPA to buy WR Leading in Finance for EUR27.8m.
Next Article:Sony sets foot on life sciences market with US acquisition.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters