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Announced

Completed

S&P Global completed the merger with IHS Markit in a $44bn deal.

Financials

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Transaction Value£33,032m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales9.8x
EV/EBITDA27.95x
Share Price Premium-
One Off Charge-

Synopsis

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S&P Global, a provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, completed the merger with IHS Markit, a provider of critical information, analytics and solutions, in a $44bn deal. Current S&P Global shareholders own approximately 67.75% of the combined company on a fully diluted basis, while IHS Markit shareholders own approximately 32.25%. "Our highly complementary products will deliver a broader set of offerings across multiple verticals for the benefit of our customers, employees and shareholders. Our cultures are well aligned, and the combined company will provide greater career opportunities for employees. We look forward to bringing together our teams to realize the potential of this combination," Lance Uggla, IHS Markit Chairman and Chief Executive Officer. On October 5, 2021, S&P Global has offered concession in an attempt to secure EU antitrust approval of the deal. On October 19, 2021, UK Competition and Markets Authority decided that the merger of S&P Global and IHS Markit does not raise potential competition concerns. On October 22, 2021, S&P Global won EU approval to acquire IHS Markit. On February 25, 2022, S&P Global and IHS Markit announce final regulatory approval for a $44bn merger.

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