Acquirer(s)
- Morningstar Research
Target(s)
- Fund data business of Standard & Poor's
Summary
Morningstar Inc announced that it had acquired the fund data business of Standard & Poor's Ltd on 16 March 2007.Market definition
The ACCC considered the acquisition in the context of the national market for licensed data feeds on Australian mutual funds.Competition analysis
The ACCC considered the acquisition unlikely to substantially lessen competition due to the presence of alternative suppliers and the relatively low barriers to entry, in particular for providers of other financial services information.Timeline
| Date | Event |
|---|---|
Morningstar Research announced that it had completed the acquisition of Standard & Poor's fund data business. |
|
ACCC commenced review under the Merger Review Process Guidelines. |
|
Closing date for submissions from interested parties. |
|
ACCC announced it would not oppose the proposed acquisition. |