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

Pacific Brands has entered into a scheme implementation deed, pursuant to which HanesBrands will acquire all outstanding shares in Pacific Brands for AUD 1.15 per share.The all-cash offer represents a 22% premium to the stock's most recent closing price.Whilst the shareholder vote is still some time away, HanesBrands' offer is substantially above our unchanged fair value estimate of AUD 0.64 per share, and values Pacific Brands shares at a ritzy 12 times our forecast fiscal 2016 EBITDA.As such, it is a strong proposal that will be very hard to refuse.Analyst: Farina Parsons

Pacific Brands has entered into a scheme implementation deed, pursuant to which HanesBrands will acquire all outstanding shares in Pacific Brands for AUD 1.15 per share.The all-cash offer represents a 22% premium to the stock's most recent closing price.Whilst the shareholder vote is still some time away, HanesBrands' offer is substantially above our unchanged fair value estimate of AUD 0.64 per share, and values Pacific Brands shares at a ritzy 12 times our forecast fiscal 2016 EBITDA.As such, it is a strong proposal that will be very hard to refuse.Analyst: Farina Parsons

Hanes Brands Bonds With Pacific Brands With a Blockbuster Offer of A$1.15 Per Share