Morningstar to buy out Danish unit for $15.2M

Posted June 17, 2010 at 10:49 a.m.

Associated Press | Investment research firm Morningstar Inc. said Thursday its European subsidiary will buy the rest of its Danish unit from Phosphorus A/S.

Morningstar Europe B/V will pay $15.2 million, plus a share of its first-half 2010 profit, for the 75 percent stake held by Phosphorus, a Danish company.

 

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