Morningstar, Inc. (MORN) Acquiring Center for Research in Security Prices for $375M

Group 1 - Morningstar Inc. is acquiring the Center for Research in Security Prices (CRSP) for $375 million, which is expected to enhance its market position as a major index provider for public US equity index funds [1][2] - The acquisition will provide Morningstar access to CRSP's historical stock market data and indexes, which generate approximately $55 million in annual revenues [2][3] - The CEO of Morningstar emphasized that integrating CRSP's data validation processes and indexing methodologies will strengthen their commitment to offering high-quality, data-driven tools for investors [3] Group 2 - Morningstar is recognized as a strong buy-the-dip stock according to analysts, indicating potential investment interest [1] - The company aims to empower investors by providing insights on a wide range of investment products, including public and private markets, and debt securities [3]