Today Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced it has entered into a definitive agreement to acquire our client Logical Information Machines, Inc. (LIM), a leading provider of data and analytics for the energy, financial, and agriculture sectors, for $51.5 million, subject to post-closing adjustments. LIM had revenue of approximately $20 million for the last 12 months. The companies expect to complete the transaction this month, subject to customary closing conditions, which include approval by LIM’s shareholders. LIM is a pioneer in providing market pricing data, securities reference data, historical event data, predictive analytics, and advanced…
Dec 14, 2009
M&A Client Logical Information Machines Agrees To Sell To Morningstar
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