11/30/2020, 12:46 PM (Source: TeleTrader)
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S&P Global to buy IHS Markit in $44 billion deal

S&P Global Inc. has reached a definitive agreement to buy IHS Markit Ltd. in an all-stock deal valuing the data provider at $44 billion, the companies announced on Monday.

Under the terms of the agreement, shares of IHS Markit will be exchanged for 0.2838 shares of S&P Global. Upon the completion of the transaction, shareholders of IHS will own approximately 32.25% of the new company, while S&P's will hold 67.75%.

"This merger increases scale while rounding out our combined capabilities, and accelerates and amplifies our ability to deliver customers the essential intelligence needed to make decisions with conviction. We are confident that the strengths of S&P Global and IHS Markit will enable meaningful growth and create attractive value for all stakeholders," President of S&P Global Douglas Peterson said.

Breaking the News / MD