the fact that the administrators of MCO were prepared to accept mnms long drawn out payment terms for Morningstar says it all really. If it was such a great asset they would have had buyers knocking the door down with money up front. The fact that they were prepared to accept a deal that was going to take so long to get paid smacks of desperation to offload an asset that no one else wanted. it had been on the market for a long time and there was no other buyer. I believe the new management did a prudent thing by buying themselves more time(at a cost of 100k) to fully assess the prospect of morningstars profitability, but the way things are unfolding it looks very doubtfull that the deal will go ahead imo. No point throwing good money after bad
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