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.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Event-Driven

<p>We think <a href="https://www.smartkarma.com/entities/7308" target="_blank" data-smartkarma-citation="entities:7308:1">Varian Medical Systems Inc (VAR US)</a>'s takeover proposal of <a href="https://www.smartkarma.com/entities/10365" target="_blank" data-smartkarma-citation="entities:10365:1">Sirtex Medical Ltd (SRX AU)</a> at AUD 28 per share in cash is an attractive offer given the significant premium to both the current market price and our fair value estimate for Sirtex. We are raising our fair value estimate for Sirtex to match the offer price as we anticipate the deal will close as expected. Although tangential to current product offerings in radiation oncology, we think Varian Medical Systems will be able to…</p>

We think Varian Medical Systems Inc (VAR US)'s takeover proposal of Sirtex Medical Ltd (SRX AU) at AUD 28 per share in cash is an attractive offer given the significant premium to both the current market price and our fair value estimate for Sirtex. We are raising our fair value estimate for Sirtex to match the offer price as we anticipate the deal will close as expected. Although tangential to current product offerings in radiation oncology, we think Varian Medical Systems will be able to…

Sirtex Takeover Bid at a Significant Premium to Standalone FVE