S&P International to Purchase IHS Markit for $39B
S&P International Inc. is in superior talks to purchase IHS Markit Ltd. for about $44 billion in enterprise value, Dow Jones reported, citing individuals acquainted with the matter who weren’t recognized. [Editor’s observe: The transaction’s value was later put at $39 billion of stock.]
The deal, which might be one of many largest this 12 months, would convey collectively two of the largest information suppliers for markets, the newswire stated. An announcement might come as early as Monday, it added.
IHS Markit is valued at $36.9 billion as of the shut on Friday.
The stock has risen 23% this 12 months, in contrast with S&P International’s 25% acquire, giving it a market capitalization of $82.2 billion.
The attainable acquisition additionally comes amid a stock market rally — the S&P 500 Index closed at a file Friday.
The rally has pushed up valuations for each corporations — IHS Markit shares commerce at 33.5 instances estimated earnings, in contrast with 29.eight instances for S&P International.
Market information on CNN.