MSCI to Acquire Climate-Risk Firm First Street

MT Newswires Live06-24

MSCI (MSCI) will acquire risk-analytics firm First Street for $120 million in cash, plus potential contingency payments, the company said Wednesday.

First Street provides climate risk data and analytics for properties, helping enterprises meet regulatory and reporting requirements, MSCI said.

Closing is expected to occur in Q3, subject to closing conditions.

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