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US Morningstgar buys Footnoted ops of Financial Fineprint.

MANews-(C)2009-2010

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.

Country: USA

Sector: Business/Consumer Services

Target: Footnoted

Buyer: Morningstar Inc

Vendor: Financial Fineprint Inc

Type: Corporate acquistion

Status: Closed

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Publication:M & A Navigator
Date:Feb 10, 2010
Words:118
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