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

CK Infrastructure Holdings / Event-Driven

<ul><li>Cheung Kong Infrastructure's, or CKI's, proposed takeover of Power Assets Holdings is positive.</li><li>CKI and Power Assets have significant stakes in common assets. The merger will simplify the ownership structure, remove a layer of costs and provide the firm with direct access to the underlying cash flows.</li><li>Power Assets also brings significant excess cash, which we we think will be better utilised within the combined and simplified structure, providing funds to increase earnings.</li></ul>Analyst: Jennifer SongRegional Director: Lorraine Tan, CFAFull report below the fold....

Cheung Kong Infrastructure's, or CKI's, proposed takeover of Power Assets Holdings is positive.CKI and Power Assets have significant stakes in common assets. The merger will simplify the ownership structure, remove a layer of costs and provide the firm with direct access to the underlying cash flows.Power Assets also brings significant excess cash, which we we think will be better utilised within the combined and simplified structure, providing funds to increase earnings.Analyst: Jennifer SongRegional Director: Lorraine Tan, CFAFull report below the fold....

Proposed Takeover of Power Assets Holdings is Positive