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S&P to Buy IHS for $39 Billion in Year’s Second-Biggest Deal

  • Deal will see S&P shareholders own 68% of new company
  • S&P CEO Peterson approached IHS Markit’s Uggla in early fall
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S&P Agrees to Buy IHS Markit in $44 Billion Deal
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S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $39 billion 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 approximately 68% of the combined company, which will be led by S&P’s Chief Executive Officer Douglas Peterson.