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Administration June 4, 2004
MSCI Acquires Barra
April 6, 2004 (PLANSPONSOR.com) - Morgan Stanley
Capital International Inc. (MSCI) and Barra, Inc. announced
today the signing of a definitive merger agreement.
Reported by Eric Hazard
Under the terms of the agreement, MSCI’s majority shareholder, Morgan Stanley, will acquire Barra for $41.00 per share in cash, or an aggregate consideration of approximately $816.4 million. Barra’s operations will be combined with MSCI following the closing of the transaction, which has been approved by the Boards of Directors of both Morgan Stanley and Barra, according to a news release.
The transaction is currently expected to close in 60 to 120 days, subject to regulatory and Barra shareholder approval, and customary closing conditions.