HALISTER: MSCI Said to Reject Takeover Bid From S&P Global: Standard

MSCI Said to Reject Takeover Bid From S&P Global: Standard

(Bloomberg) -- MSCI rejects $120-per-share approach from S&P Global, U.K.’s Evening Standard reports, citing unidentified people familiar.
  • MSCI and its major shareholders are holding out for $130/shr bid in anticipation of bidding battle: Evening Standard
  • S&P Global is interested in MSCI’s indices arm and would look to spin off MSCI’s financial data analytics business: Evening Standard
  • Goldman Sachs was advising S&P, according to the article
  • S&P Global, MSCI told Evening Standard they don’t comment on market speculation; Goldman Sachs declined to comment

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MSCI US (MSCI Inc)
SPGI US (S&P Global Inc)

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