Morningstar Acquires Stake in Sustainalytics

Morningstar shares were slightly lower in recent trade Monday after the company said it has acquired a 40% ownership stake in Sustainalytics, a provider of environmental, social, and governance research and ratings.

As part of the transaction, Steven Smit, head of sustainability at Morningstar, will join the Sustainalytics board of directors and the Sustainalytics executive team has taken a minority equity stake in the company. Further deal terms were not disclosed.

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