Morningstar Inc

NASDAQ:MORN   3:59:52 PM EDT
295.77
-3.09 (-1.03%)
Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

Praemium Announces Sale Of Praemium's International Business To Morningstar

Published: 12/21/2021 05:56 GMT
Morningstar Inc (MORN) - Sale of Praemiums International Business to Morningstar.
Entered Into an Agreement to Sell 100% of Its Operations in United Kingdom, Jersey, Hong Kong and Dubai to Morningstar,.
Consideration for Transaction Will Comprise Cash of A$65.1 Million.
Parties Expect to Complete Transaction During Q2/q3 of Calendar Year 2022.
Board Intends to Return Surplus Net Proceeds to Shareholders.
It is Expected That a Dividend Policy Will Be Introduced for FY2023 Onwards.