Moody's Co. (MCO - Get Report) will purchase Dutch business information provider Bureau Van Dijk for about $3.3 billion in a move that will expand the ratings agency's risk, data and analytics business.
The company expects the purchase to benefit top- and bottom-line results slightly in 2018 and become fully accretive by 2019.
Earlier this year, Moody's acquired the structured finance data and analytics business of Frankfurt-based SCDM.
Moody's shares remained unchanged premarket Monday, but have risen more than 20% year to date. The stock is set to open Monday trading at $114.77.
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