Advertisement

S&P Global is buying IHS Markit in a USD 44 bn all-stock deal

10:22 PM Nov 30, 2020 | PTI

S&P Global is buying IHS Markit in a USD 44 billion all-stock deal that brings together two of the largest data providers to Wall Street.

Each share of IHS Markit common stock will be exchanged for a fixed ratio of 0.2838 shares of S&P Global stock.

Advertisement
Advertisement

Current S&P Global shareholders will own approximately 67.75 per cent of the combined company, while shareholders of IHS Markit, based in London, will own about 32.25 per cent.

Advertisement

The transaction puts IHS Markit's enterprise value at USD 44 billion, including USD 4.8 billion of debt.

The combined company will be headquartered in New York, where S&P Global is based, with a substantial presence in key global markets across North America, Latin America, EMEA and Asia Pacific.

Douglas Peterson, the CEO of S&P Global, will hold that title at the combined company. Lance Uggla, Chairman and CEO of IHS Markit, will become a special advisor to the company for a year after the deal closes.

The transaction is expected to close in the second half of next year. It needs the approval of both companies' shareholders.

(To download our E-paper please To view our epaper please Tap here . The publishers permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

(To view our epaper please Read Now. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Advertisement