BERKELEY, Calif., Oct. 9 /PRNewswire/ -- BARRA, Inc. BARZ today announced the closing of the acquisition of the assets of two businesses from Edinburgh Financial Publishing Limited (EFP) and two of EFP's affiliates, for up to 7.25 million pounds, plus the assumption of ongoing business liabilities. The two businesses are The Estimate Directory, a database of analysts' earnings estimates, and Directus, a corporate directors equity trading information service. The acquisition will be accounted for using the purchase method of accounting and will likely result in a one-time write-off of in process development costs.
BARRA, founded in 1975, provides innovative analytical models, software, consulting and money management services that enable its clients worldwide to make superior investment and trading decisions. Based in Berkeley, Calif., BARRA also has offices in major financial centers throughout the world. Information on BARRA is also available on-line at barra.com.
Each statement contained in this news release containing any form of the word "will" is a forward-looking statement that may involve a number of risk factors and uncertainties. Among other factors that could cause actual results to differ materially are the following: that the accounting for the purchases will result in little or no write-off of in process development costs. Further information on potential factors that could affect the company's financial results are included in the company's Form 10-K for the 1997 fiscal year filed with the Securities and Exchange Commission (SEC). Refer to the company's SEC filings, copies of which are available from the company without charge for further information. SOURCE BARRA Inc. |
