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FactSet completes sale of market metrics business

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FactSet Research Systems has completed the sale of its market research business, consisting of Market Metrics and Matrix Solutions, to Asset International, a portfolio company of Genstar Capital.

Upon completion of the sale on 1 July 2016, FactSet received USD165 million in cash, less certain adjustments including a customary working capital adjustment.
 
Upon the achievement of certain growth targets over the next two years by the market research business that has been sold, FactSet would be entitled to an additional earn-out of USD10 million.

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