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S&P Global to buy IHS Markit in $44 billion deal

  • par Xavier Trudeau
  • dans Financer
  • — Nov 30, 2020
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The mega deal, which includes $4.8 billion of debt, is a sign that deal-making activity is accelerating as breakthroughs in developing COVID-19 vaccines improve the economic outlook. The rally has driven up valuations for both companies - IHS Markit shares trade at 33.5 times estimated earnings, compared with 29.8 times for S&P Global.

Once the deal is completed, S&P Global shareholders will own roughly 67.75% of the combined company on a fully diluted basis, while IHS shareholders will own about 32.25%. The stock has risen 23% this year, compared with S&P Global's 25% gain, giving it a market capitalization of US$82.2 billion.

IHS Markit's diverse set of businesses range from selling data on automotive and technology industries to publishing Jane's Defence Weekly.

  • Openwork invests in mental health support for staff

The all-stock deal could be announced as soon as Monday, the Wall Street Journal reported, citing sources familiar with the matter.

London-based IHS Markit, a much more recent entrant to the hugely lucrative financial data market, is now valued at around $37 billion.

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