With Semafor reporting that Bloomberg is considering a “potential IPO or other transaction” and Bloomberg’s report that S&P is considering a spinout of Capital IQ Pro, is Morningstar willing to comment on willingness to explore transformative M&A since the company would be a reverse merger / RMT candidate?

With Semafor reporting that Bloomberg is considering a “potential IPO or other transaction” and Bloomberg’s report that S&P is considering a spinout of Capital IQ Pro, is Morningstar willing to comment on willingness to explore transformative M&A since the company would be a reverse merger / RMT candidate? We continuously evaluate the competitive landscape and opportunities to strengthen our portfolio, add capabilities, close gaps, or create strategic and financial synergies. When we identify attractive areas for investment, we consider the full range of alternatives, including building, partnering, or acquiring. While we don’t comment on potential transactions, we aim to identify and act on opportunities that meet our strategic and financial criteria. More broadly, our approach to capital allocation hasn’t changed. We are focused on preserving a strong balance sheet, investing in organic growth, pursuing acquisitions when they can create long-term shareholder value, growing our dividend over time, and repurchasing shares opportunistically.