MSCI Closes $120M First Street Deal, Names Interim Accounting Chief
MSCI is trading near its 52-week low of $501.08 (13% above the low).
Summary
MSCI completed its $120M cash acquisition of First Street on Aug 3, adding physics-based climate risk data to its climate solutions. The deal, first announced in July, closed on schedule. Separately, the company named CFO Andrew C. Wiechmann as interim principal accounting officer and Kristine Johnson as interim Global Controller, effective Aug 10. The interim appointments suggest a gap in the accounting leadership, though no reason was given. The index review changes are routine quarterly rebalancing and not market-moving.
At the time of this announcement, MSCI was trading at $567.00 on NYSE in the Finance sector, with a market capitalization of approximately $40.9B. The 52-week trading range was $501.08 to $644.77. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.