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Wednesday, August 27, 2014

Market Chatter- Corporate finance press digest, (NYSE: MCO)

The following corporate finance-related stories were reported by media: * Otter Products LLC, the privately held company that makes the OtterBox protective cases for mobile phones, is exploring a sale that could value the company at more than $2.5 billion, including debt, according to people familiar with the matter.* DBRS Ltd, the privately held credit rating agency that competes with Standard & Poor's Financial Services LLC, Moody's Corp and Fitch Ratings Inc, is exploring a sale, according to people familiar with the matter.

Moody?s Corporation (Moody?s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to institutional customers. Shares of MCO traded higher by 0.69% or $0.64/share to $92.81. In the past year, the shares have traded as low as $62.95 and as high as $95.00. On average, 813683 shares of MCO exchange hands on a given day and today's volume is recorded at 683672.