Tuesday, 24 May 2016
Last updated 16 hours ago
Mar 11 2014 | 8:40am ET
Institutional Shareholder Services is used to weighing in on acquisitions. But for the third time in seven years, it's to become one with private-equity firm Insight Venture Partners poised to buy it.
The proxy advisory service's current owner, MSCI Inc., has put ISS up for auction. Insight is seen as the likely winner of that contest, The Wall Street Journal reports, and could pay about $300 million for it.
MSCI acquired ISS when it bought RiskMetrics Group in 2010. RiskMetrics had acquired ISS in 2007, paying $553 million for it.