secwatch.observer — SEC 8-K summary
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Issuer:     FACTSET RESEARCH SYSTEMS INC (FDS)
CIK:        0001013237
Form:       8-K
Filed at:   2021-12-27T23:59:59+00:00
Accession:  0000950157-21-001283
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FactSet to acquire CUSIP Global Services from S&P Global for $1.925B cash
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- Purchase price of $1.925B in cash for S&P Global's CUSIP Global Services division.
- Estimated tax benefit of ~$200M from step-up in tax basis over 15 years.
- CGS generates ~$175M annual revenue with mid- to high-single-digit growth; accretive to FactSet's adjusted EPS and margins in year one.
- Subject to regulatory approvals and closing of S&P Global / IHS Markit merger; expected to close in Q1 2022.
- FactSet secured up to $2.5B in committed financing, including a $500M revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013237/000095015721001283/0000950157-21-001283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013237/000095015721001283/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-21-001283

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