Beverly Hills 12/12/2009 1:46:35 AM
News / Business

Morningstar Purchasing Data Analysis Firm Logical Information Machines for $51.5 Million

Finance World News Update by EQUITIES Magazine

Morningstar Inc. announced today that it is purchasing Logical Information Machines Inc. for $51.5 million. Morningstar provides investment research while Logical provides data analysis to energy, financial and agricultural sectors.

 

Pending approval from Logical Information shareholders, the deal is expected to close this month.

 

In midday trading, Morningstar stocks rose 48 cents to $47.84.

 

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Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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