Global forensic accounting risk research company CFRA entered into an agreement to purchase S&P Global Market Intelligence’s equity and fund research business, said spokesman Hod Klein.
Terms of the deal are not being disclosed, and the deal is expected to close sometime in the fourth quarter, Mr. Klein said.
“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,” said Peter E. de Boer, CEO of CFRA, in a news release. “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.”
The combined research team will be led by Zach Gast, global director of research at CFRA.
