Morningstar Raises Stake In Morningstar Korea
Stock quotes in this article:
MORN
CHICAGO (AP) Morningstar Inc., the financial information provider, said Tuesday it has doubled its stake in Morningstar Korea Co. to 80 percent.
Financial terms were not disclosed. The company has established its majority position over the past few weeks, buying a 20 percent stake from a private investor and another 20 percent stake from SBI Korea Holdings Co. Morningstar said Jason Hee-Yuk Yoon will continue to serve as CEO of Morningstar Korea, which sells financial services and data in the South Korean market and is based in Seoul. Morningstar shares fell 67 cents, or 1.3 percent, to $50.75 in afternoon trading.- Loading Comments...
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