Morningstar to Buy Hemscott

Morningstar Inc. (Nasdaq: MORN), a provider of independent investment research, and Ipreo Holdings LLC, a provider of capital markets and investor relations solutions, have signed a definitive agreement for Morningstar to acquire the Hemscott data, media, and investor relations Web site businesses from Ipreo for $51.6 million in cash, subject to adjustments. The companies expect to complete the transaction in early January. Ipreo is majority owned by private-equity firm Veronis Suhler Stevenson LLC.