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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<p><a href="https://www.smartkarma.com/entities/10433" target="_blank" data-smartkarma-citation="entities:10433:1">Swire Pacific Ltd Cl A (19 HK)</a> is seeking to privatise <a href="https://www.smartkarma.com/entities/3310" target="_blank" data-smartkarma-citation="entities:3310:1">Hong Kong Aircraft Engineering Co., Ltd. (44 HK)</a>, or Haeco, by acquiring the remaining 25.01% stake it does not already own for close to HKD 3 billion. Swire Pacific’s offer of HKD 72 per share, adjusted for dividend payment, represents a 63.6% premium to Haeco’s last close price of HKD 44 and a forward price/ earnings ratio of 22.2 times, based on our estimates. This is slightly above the 19.4 times trading multiple for its closest peer in…</p>

Swire Pacific Ltd Cl A (19 HK) is seeking to privatise Hong Kong Aircraft Engineering Co., Ltd. (44 HK), or Haeco, by acquiring the remaining 25.01% stake it does not already own for close to HKD 3 billion. Swire Pacific’s offer of HKD 72 per share, adjusted for dividend payment, represents a 63.6% premium to Haeco’s last close price of HKD 44 and a forward price/ earnings ratio of 22.2 times, based on our estimates. This is slightly above the 19.4 times trading multiple for its closest peer in…

Swire Pacific Seeking to Privatise Haeco for HKD 3 Billion; No Change to FVE

Swire Pacific (A)

Swire Pacific Seeking to Privatise Haeco for HKD 3 Billion; No Change to FVE