Morningstar is set to purchase the remaining 60% of shares in Sustainalytics, a corporate research and ratings company.
"Morningstar and Sustainalytics will fast track our ability to put independent, sustainable investing analytics at every level – from a single security through to a portfolio view – in the hands of all investors. Morningstar helped democratize investing, and we will do even more to extend Sustainalytics' mission of contributing to a more just and sustainable global economy."
Kunal Kapoor, CEO of Morningstar
Morningstar is planning on completing the purchase with a mixture of cash and debt, totaling around $60M, with expectations of the transaction having no dilutive effect on the EPS of Morningstar.