Investment research provider Morningstar Inc. is in the final stages of purchasing Hemscott data, media and investor relations website businesses from Ipreo Holdings for an estimated cost of $51.6 million.

“Hemscott is a well-known brand with a large and loyal client base,” said Joe Mansueto, chairman and CEO of Morningstar. “This acquisition fits with our strategies of building a premier global equity database and expanding our presence outside the United States .”

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