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Article: Moody's to Acquire Mergent's Fixed Income Pricing Business.
- Article from:
- Business Wire
- Article date:
- December 11, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Moody's Corporation (NYSE: MCO) today announced that it has signed a definitive agreement to acquire the assets of Mergent Pricing and Evaluation Services, Inc., a provider of corporate and municipal bond pricing information. Mergent's pricing service will be integrated into Moody's Evaluations Inc. The acquisition is subject to certain closing conditions and is expected to close within 30 days. Terms of the transaction are not being disclosed.
Moody's Evaluations Inc. will focus on developing and providing pricing services, beginning with evaluated pricing information for the corporate and municipal bond market and expanding to other asset classes. ...