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

Less than three months after swallowing Amcom, Vocus Communications has turned its attention on M2 Group in an all-scrip merger.While we are always wary of any transaction trumpeting the combined size as a key rationale, the deal has clear strategic merit, as the industry enters the National Broadband Network, or NBN, era.M2 Group provides a range of broadband, mobile, fixed-voice and energy services via multiple brands, including Dodo, iPrimus and Commander.M2 is primarily a reseller, aiming to increase customer spend by leveraging brand awareness and offering bundled services.It is a strong cash flow generator, with relatively low ongoing capital expenditure requirements reflecting an infrastructure-light business model.By subscribers, M2 is Australia's fourth-largest Internet service provider, or ISP, with 8% market share.M2 only recently became a major residential ISP, acquiring Dodo and iPrimus in the 12-month period to mid-2013.Larger operators such as TPG Telecom retain scale, brand and network advantage in our viewAnalysts: David Mueller &amp; Farina ParsonsFull report below the fold....&nbsp;

Less than three months after swallowing Amcom, Vocus Communications has turned its attention on M2 Group in an all-scrip merger.While we are always wary of any transaction trumpeting the combined size as a key rationale, the deal has clear strategic merit, as the industry enters the National Broadband Network, or NBN, era.M2 Group provides a range of broadband, mobile, fixed-voice and energy services via multiple brands, including Dodo, iPrimus and Commander.M2 is primarily a reseller, aiming to increase customer spend by leveraging brand awareness and offering bundled services.It is a strong cash flow generator, with relatively low ongoing capital expenditure requirements reflecting an infrastructure-light business model.By subscribers, M2 is Australia's fourth-largest Internet service provider, or ISP, with 8% market share.M2 only recently became a major residential ISP, acquiring Dodo and iPrimus in the 12-month period to mid-2013.Larger operators such as TPG Telecom retain scale, brand and network advantage in our viewAnalysts: David Mueller &amp; Farina ParsonsFull report below the fold....&nbsp;

Pacman Meets Pacman, as M2 Group Merges with Vocus Communications

M2 Group Ltd

Pacman Meets Pacman, as M2 Group Merges with Vocus Communications