MSCI denies rumored takeover talks with S&P Global
March 16, 2017
Capital Markets | New York, NY
Market index research provider MSCI (NYSE: MSCI) has denied an Evening Standard report suggesting that it had spurned a $120-per-share bid from S&P Dow Jones parent S&P Global (NYSE: SPGI), according to several news sources. Nevertheless, MSCI enjoyed a 3% bump to its share price, while S&P Global finished down more than 1% Wednesday. MSCI has a market cap of roughly $9 billion.