secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2025-09-23T23:59:59+00:00
Accession:  0001289419-25-000156
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar acquires CRSP from University of Chicago for $375M
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- Deal includes CRSP Market Indexes, benchmarks for over $3 trillion in US equities.
- CRSP generates ~$55M in annual revenue; acquired to bolster Morningstar's index capabilities.
- Vanguard funds tracking CRSP indexes include VTSAX, VTI, VIMAX, VO.
- Closing expected Q4 2025, subject to customary conditions and regulatory approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000156/0001289419-25-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941925000156/morn-20250923.htm
  HTML page:      https://secwatch.observer/filing/0001289419-25-000156

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer