S&P Global to buy IHS Markit in deal valued at $44bn
The combined company is expected to result in annual costs savings of about $480m a year
30 November 2020 - 18:00
S&P Global has agreed to buy IHS Markit for about $44bn in stock, a deal that accelerates the wave of consolidation among the finance industry’s biggest data providers.
S&P is offering 0.2838 share for each IHS Markit share, representing a premium of about a 4.7% to IHS Markit’s last close, according to a statement Monday. After the deal, S&P shareholders will own about 68% of the combined company, which will be led by S&P CEO Douglas Peterson...
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