Reuters reports that MSCI will buy RiskMetrics Inc. in a cash-and-stock deal valued at about $1.55 billion, ending two months of speculation over the risk advisory firm's future, and creating a giant advisory business.
The reports says that the deal will mark the entry of MSCI, an investment analysis and market index company, into proxy advisory, which has become ever more sought after, following the global financial meltdown.
Here is the press release announcing the deal.
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