Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Event-Driven

Having looked deeper into the potential merger between&nbsp;Anheuser-Busch InBev and SABMiller, we stand by our&nbsp;initial estimate of GBX 3,900-GBX 4,000 as the level at which&nbsp;AB InBev would neither create nor destroy value.This&nbsp;implies 10% upside to the current market valuation, which&nbsp;gives AB InBev some room to offer a premium to the current&nbsp;market price while still creating value.Valuation aside, we&nbsp;believe the combination of the world's two largest brewers&nbsp;(hereafter named "MegaBrew") would create a high-quality&nbsp;business with long-term growth opportunities.Analyst: Philip Gorham, CFA, FRMFull report below the fold.....

Having looked deeper into the potential merger between&nbsp;Anheuser-Busch InBev and SABMiller, we stand by our&nbsp;initial estimate of GBX 3,900-GBX 4,000 as the level at which&nbsp;AB InBev would neither create nor destroy value.This&nbsp;implies 10% upside to the current market valuation, which&nbsp;gives AB InBev some room to offer a premium to the current&nbsp;market price while still creating value.Valuation aside, we&nbsp;believe the combination of the world's two largest brewers&nbsp;(hereafter named "MegaBrew") would create a high-quality&nbsp;business with long-term growth opportunities.Analyst: Philip Gorham, CFA, FRMFull report below the fold.....

Payback Period Longer Than Previous Deals

Sabmiller Plc

Payback Period Longer Than Previous Deals