MSCI Announces Sale of FEA®

NEW YORK–(BUSINESS WIRE)–MSCI Inc. (NYSE:MSCI), a leading provider of research-based indexes and analytics, announced today that it has completed the sale of Financial Engineering Associates, Inc., (FEA®) to Allegro Development Corporation, a global leader in Commodity Management software and solutions. The terms of the transaction, including the purchase price, were not disclosed. FEA is a widely used and accepted set of risk and valuation tools for the energy and commodity markets, and the product line was included within MSCI’s Analytics segment. The transaction is not expected to have a material impact on MSCI’s results of operations, and MSCI remains committed to its previously communicated guidance for 2018. Henry A. Fernandez, Chairman and Chief Executive Officer of MSCI, said, “This move allows MSCI to continue to execute on our growth strategy, focus on innovation and help our global clients achieve their investment objectives more effectively and efficiently.” Davis Polk & Wardwell LLP acted as legal advisers and Marlin & Associates, LLC acted as financial advisers to MSCI. About MSCI For more than 40 years, MSCI’s research-based indexes and analytics have helped the world’s leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers… continue reading

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