Edition:
India

Moody’S To Sell Moody’S Analytics Knowledge Services Business


Tuesday, 16 Jul 2019 

July 16 (Reuters) - Moody's Corp ::MOODY’S TO SELL MOODY’S ANALYTICS KNOWLEDGE SERVICES BUSINESS.MOODY'S CORP - DEAL EXPECTED TO BE DILUTIVE TO MOODY'S EPS ON A GAAP BASIS IN FULL-YEAR 2019 BY UP TO $0.20 PER SHARE.MOODY'S - ANTICIPATED THAT SALE PROCEEDS, REPATRIATED OFFSHORE CASH WILL BE USED TO REPURCHASE APPROXIMATELY $300 MILLION OF MOODY'S OUTSTANDING STOCK.MOODY'S CORP - ON AN ADJUSTED EPS BASIS, EXCLUDING NON-RECURRING CHARGES, IMPACT FROM DEAL TO FULL-YEAR 2019 RESULTS WILL BE NEGLIGIBLE.