Financial research and information firm Morningstar has bought out Aspect Huntley, a provider of equity information, research, and financial trade publishing in Australia, for $22 million in cash, of which $1.5 million will be paid in 2007 subject to post-closing adjustments.
AH had revenue of A$8.2 million for its fiscal year ended June 30, 2005. For the 11 months ended May 31, 2006, Aspect Huntley had approximately A$10.8 million in revenue.
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