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
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.
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 of
performance and risk in their portfolios, broad asset class coverage and
Our line of products and services includes indexes, analytical models,
data, real estate benchmarks and ESG research.
MSCI serves 99 of the top 100 largest money managers, according to the
most recent P&I ranking.
For more information, visit us at www.msci.com.
Website and Social Media Disclosure
MSCI uses its website and corporate Twitter account (@MSCI_Inc) as
channels of distribution of company information. The information we post
through these channels may be deemed material. Accordingly, investors
should monitor these channels, in addition to following our press
releases, SEC filings and public conference calls and webcasts. In
addition, you may automatically receive email alerts and other
information about MSCI when you subscribe to the notification service
available through MSCI's Investor Relations homepage by visiting the
"Email Alert Subscription" section at http://ir.msci.com/alerts.cfm.
The contents of MSCI's website and social media channels are not,
however, incorporated by reference into this release.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including without limitation, our full-year 2018 guidance. These
forward-looking statements relate to future events or to future
financial performance and involve known and unknown risks, uncertainties
and other factors that may cause our actual results, levels of activity,
performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or
implied by these statements. In some cases, you can identify
forward-looking statements by the use of words such as "may," "could,"
"expect," "intend," "plan," "seek," "anticipate," "believe," "estimate,"
"predict," "potential" or "continue," or the negative of these terms or
other comparable terminology. You should not place undue reliance on
forward-looking statements because they involve known and unknown risks,
uncertainties and other factors that are, in some cases, beyond our
control and that could materially affect our actual results, levels of
activity, performance or achievements.
Other factors that could materially affect actual results, levels of
activity, performance or achievements can be found in MSCI's Annual
Report on Form 10-K for the fiscal year ended December 31, 2017 filed
with the Securities and Exchange Commission ("SEC") on February 26, 2018
and in quarterly reports on Form 10-Q and current reports on Form 8-K
filed or furnished with the SEC. If any of these risks or uncertainties
materialize, or if our underlying assumptions prove to be incorrect,
actual results may vary significantly from what MSCI projected. Any
forward-looking statement in this press release reflects MSCI's current
views with respect to future events and is subject to these and other
risks, uncertainties and assumptions relating to MSCI's operations,
results of operations, growth strategy and liquidity. MSCI assumes no
obligation to publicly update or revise these forward-looking statements
for any reason, whether as a result of new information, future events,
or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180409006376/en/
Andrew Wiechmann, + 1
212 804 3986
Sam Wang, + 1 212 804 5244
Source: MSCI Inc.
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