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FactSet expects $50M tax benefit from Portware deal

Sep 23, 2015 - SNL Financial
Board and Executive Moves-Mergers and Acquisitions-Financial Results

FactSet Research Systems Inc. said Sept. 21 that it expects an income tax benefit of $50 million from the acquisition of Portware LLC.

FactSet expects the deal to close before the end of its first fiscal quarter, the company said in an earnings release for the fourth quarter of fiscal 2015.

In the first full quarter after the closing, the company expects the deal to be 3 cents dilutive to GAAP EPS.

Excluding amortization of acquired intangible assets, the acquisition is expecte...