UPDATE 4-MSCI to buy RiskMetrics for $1.55 bln

lunes 1 de marzo de 2010 19:16 CET

* MSCI offer valued at $21.75 per share

* Deal to close in MSCI's third fiscal quarter 2010

* Deal at 17 pct premium to RiskMetrics Friday close

* MSCI stock falls (Recasts, adds details from conference call, analyst comments; updates stock activity)

By Brenton Cordeiro and Anurag Kotoky

BANGALORE, March 1 (Reuters) - Investment analysis firm MSCI Inc MXB.N plans to buy RiskMetrics Group Inc RISK.N for $1.55 billion in cash and stock to add to its financial risk management business and widen its geographical reach.

The deal, announced on Monday, will combine RiskMetrics' risk advisory content with MSCI's Barra business, which provides risk management and portfolio analysis tools to fund managers for managing equity, fixed income and multi-asset class portfolios.

MSCI's offer values RiskMetrics at $21.75 per share, a premium of 17 percent over the company's Friday close. It also values the stock 40 percent above its trading levels in January, prior to the news that the firm was putting itself up for sale.

MSCI shares fell as much as 7 percent to $27.97, indicating some investor trepidation about the deal terms, but recovered some of their losses to trade down about 4 percent at $28.73.   Continuación...