New York-based financial information provider Multex.com Inc. has signed an agreement to acquire Market Guide Inc., a leading provider of financial information on the Internet.
Under the terms of the agreement, Market Guide shareholders will receive one share of Multex.com stock for each outstanding share of Market Guide stock. The acquisition, which is expected to close within 120 days, has been approved by both companies’ boards of directors
Market Guide supplies content on more than 12,000 publicly traded companies. Following the acquisition, Market Guide said it will make Multex.com’s investment research and earnings estimates available through its Web site, http://www.marketguide.com, as well as through its over 100 leading Internet distribution partners.
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