Big Law

S&P Global Inc. Acquiring IHS Markit Ltd. in $44B Deal

S&P Global Inc. SPGI 0.01% confirmed early Monday it is acquiring IHS Markit Ltd. INFO 0.08% in a deal that values the latter at $44 billion, including $4.8 billion of net debt. 

What Happened: The Wall Street Journal had reported on the merger plans earlier on Sunday, citing people familiar with the matter.

The Board of Directors of both companies unanimously approved the deal. Post-merger, existing S&P Global shareholders will control about 67.75% of the resultant company while IHS Markit stakeholders will control about 32.25%.

As part of the deal, each share of the IHS Markit common stock will be exchanged for 0.2838 shares of S&P Global common stock.

“We are confident that the strengths of S&P Global and IHS Markit will enable meaningful growth and create attractive value for all stakeholders,” S&P Global President and CEO Douglas Peterson said in an emailed statement to Benzinga.


Read the source article at benzinga.com

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