Summary
Moody's Corporation (MCO) announced on September 15, 2021, the completion of its previously announced acquisition of DMG US Investments, Inc., referred to as the Transferred US Entity. This acquisition was completed through its wholly owned subsidiary, Moody's Analytics, Inc., for a purchase price of £1.4 billion, subject to adjustments. Concurrently, a separate acquisition of RMS Risk Management Solutions India Private Ltd ('India Sub') was finalized by a Moody's subsidiary for US $49 million, also subject to adjustments. These acquisitions represent a significant expansion for Moody's, particularly in the area of risk management solutions, which Moody's Analytics is a part of. The filing also details a Tax Matters Agreement entered into with the seller to govern pre-closing tax-related matters. Investors should note the substantial financial commitment and potential integration risks associated with these transactions, as outlined in the 'Safe Harbor' statement.
Key Highlights
- 1Moody's Corporation completed the acquisition of DMG US Investments, Inc. for £1.4 billion.
- 2The acquisition was executed through its subsidiary, Moody's Analytics, Inc.
- 3Concurrently, Moody's acquired RMS Risk Management Solutions India Private Ltd for US $49 million.
- 4Both acquisition purchase prices are subject to customary adjustments.
- 5A Tax Matters Agreement was finalized with the seller to address pre-closing tax responsibilities.
- 6The filing includes an updated Purchase Agreement and Tax Matters Agreement, as well as a press release announcing the completion.