Thomson Reuters to Carve Out Its Financial and Risk Business
Thomson Reuters has announced its intention to sell 55% of its financial and risk business to private equity firm Blackstone. Thomson will maintain a 45% stake in the business and hold four of the new entity's nine board seats. The divestiture will be a separately traded carve-out. Thomson Reuters will receive $17 billion in proceeds from the deal, which Blackstone will fund by using $14 billion in debt while contributing $3 billion in cash. We think the stock’s negative reaction is likely attri...Thomson Reuters provides source of news and information. Co. operates three business: Financial & Risk, a provider of news, information and analytics, enabling transactions and connecting communities of trading, investment, financial and corporate professionals, as well as a provider of regulatory and operational risk management solutions; Legal, a provider of online and print information, decision tools, software and services that support legal, investigation, business and government professionals; and Tax & Accounting, a provider of integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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