Item 8.01Other Events
On October 29, 2020, the Board of Directors of MSCI Inc. (the "Company"),
authorized a stock repurchase program providing for the additional repurchase of
shares of the Company's common stock with an aggregate value of up to $1.0
billion. When aggregated with the amount remaining under the previously approved
share repurchase program, as of October 29, 2020, the Company is authorized to
repurchase shares of its common stock with an aggregate value of up to
approximately $1,804.5 million.
The timing, price and volume of repurchases will be based on market conditions,
relevant securities laws and other factors. The stock repurchases may be made
from time to time, through one or more open market repurchases or privately
negotiated transactions, including, without limitation, accelerated share
repurchase transactions, trading plans or derivative transactions, or otherwise.
Since the Company announced its first stock repurchase program in December 2012,
the Company has repurchased a total of 45.2 million shares of its common stock
at an average price of $85.09 per share.
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