Subsequent Event

6 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On July 20, 2018 we announced that we entered into a definitive agreement to acquire Charles River Development, a provider of investment management front office tools and solutions, in an all cash transaction for $2.6 billion.  The acquisition, which is subject to regulatory approvals and customary closing conditions, is expected to be completed in the fourth quarter of 2018. The $2.6 billion purchase price is expected to be financed through the suspension of approximately $950 million of share repurchases in the second quarter of 2018, and during the remainder of 2018, and, subject to market conditions, the remainder of the purchase price through the issuance of equity, with approximately two-third of such equity expected to be in the form of common stock and one-third in preferred stock.