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Article: Moody's Corporation to Acquire KMV.
- Article from:
- Business Wire
- Article date:
- February 11, 2002
CopyrightCOPYRIGHT 2002 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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Business Editors
NEW YORK--(BUSINESS WIRE)--Feb. 11, 2002
Moody's Corporation (NYSE: MCO)--
Acquisition of Pioneer in Quantitative Credit Tools Affords Substantial Growth Opportunities for Moody's; Vastly Extends KMV's Business Expansion
Acquisition Complements Moody's Core Credit Ratings Business
Moody's Corporation (NYSE: MCO) today announced that it has reached a definitive agreement to acquire KMV, the leader in market-based, quantitative credit risk management tools, in an all cash transaction for $210 million. Moody's expects the transaction to close by the early part of the second quarter of 2002 and initially to be ...