Morningstar (MORN) announced it has entered into an agreement to acquire the Center for Research in Security Prices from the University of Chicago, for $375M. As part of the transaction, Morningstar will acquire the CRSP Market Indexes, which are the benchmarks for more than $3T in US equities across market capitalizations, investment styles, and sectors. CRSP generates approximately $55M in annual revenue. The CRSP team will officially join Morningstar Indexes. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions including regulatory approval.
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