November 30, 2020 | Technology | North America | Active

IHS Markit / S&P Global: New Deal Insights


On the heels of London Stock Exchange’s (LSE LN) $28.9bn plan to acquire one of the largest providers of financial data, Refinitiv (private), announced in August 2019 and expected to consummate in 1Q’21, S&P Global has announced its plan to acquire US-listed, London-based and Bermuda-Incorporated IHS Markit. The all-stock merger takes direct aim at the current dominance of Refinitiv and Bloomberg (private) and equates to a $96.94 per share offer based on last Friday’s closing, a relatively underwhelming 4.7% one-day premium. IHS shareholders will own 32.25% of the combined company with S&P Global shareholders owning the remaining 67.75%. The deal requires approval from ... Deal risks assessed in this research report: • Antitrust scrutiny in the US and Europe • Target shareholder activism



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