CFRA to Buy S&P Research Business
The deal will combine CFRA's forensic accounting principles with S&P's fundamental equities and funds research service.
Once the acquisition is complete, CFRA will employ more than 65 research professionals in New York, Washington DC, Denver, London, Hong Kong, and Kuala Lumpur, and will offer fundamental equity analysis, forensic accounting research, quantitative research, legal analysis, ETF, mutual fund and fixed income research covering 17,000 companies worldwide, and industry surveys for wealth advisors and institutional investors.
"The combination of S&P Global Market Intelligence's broad equity and fund research business with CFRA's deep forensic analysis will create tremendous new value for market participants. Recent high-profile cases of accounting fraud highlight the need for more in-depth forensic work overlaid on fundamental equity and funds research for all investors," says CFRA chief executive Peter E. de Boer.
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