Morningstar Japan K.K. (TSE:4765) agreed to acquire the remaining 33% stake in Carret Asset Management, LLC from GB Capital LLC for $4.95 million on March 16, 2022. Morningstar will acquire 330 shares at $0.015 million each. Post completion, Morningstar will own 100% of CAM's capital.

For the year ended December 31, 2021, CAM reported revenues of approximately $11.3 million and an EBIT of approximately $1.5 million. The share transfer is expected to complete on March 30, 2022.