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Jim Cramer Talks Msci's Rumor-Induced Surge

Jim Cramer Talks Msci's Rumor-Induced Surge

Shares of Msci Inc (NYSE: MSCI) soared higher by 11 percent Wednesday morning following an unconfirmed report the company is a takeover target.

Msci compiles some of the most notable market indices and was reportedly offered $120 per share to be acquired by S&P Global Inc (NYSE: SPGI), the owner of the Dow Jones and S&P 500 indices to create a "global index behemoth."

CNBC's Jim Cramer discussed the reported takeover during his daily "The Mad Dash" segment.

He noted that Msci's indices are among the best way for investors to gain access to emerging markets. Moreover, the team behind Msci, led by its "legendary" CEO Henry Fernandez, single-handily decide if China should be considered an emerging market.

In fact, Msci's products are an ideal method for any investor who believes emerging markets are going to play a bigger role in global commerce moving forward.

"This is a fantastic index and analytical company and I really think that people never really understood them - but S&P Global would because they [also] do indices," Cramer emphasized.

Cramer did note investors should be careful moving forward since the acquisition talks are merely unconfirmed press reports coming from outside of the U.S.

Nevertheless, Cramer argued Msci as a stock was doing quite fine on its own on an earnings basis as after all, it's "such a great company."

In a release at 11:15 a.m., MSCI said, "We are not in discussions with any third party, and we have not received any offer or indication of interest."

See Also:

Emerging Markets' Great 20-Year Returns Trend Likely To Continue

Russia Tops Bloomberg's Most Popular Emerging Market Pick For 2017

Posted-In: BZTV CNBC Emerging Markets msciM&A Rumors Movers Media Best of Benzinga


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