Mar
21
IHS Buys U.K. Financial Data Firm Markit for $5.5 Billion
By-
Jerre Stead, IHS CEO, will have same role at enlarged company
-
IHS shareholders will hold 57% of combined data firm
IHS Inc., which provides data analysis for energy and automotive companies, agreed to acquire London-based Markit Ltd. to bulk up in financial services.
Shareholders of IHS will get about 57 percent of the enlarged company and stockholders of Markit — which is being valued at about $5.5 billion through the deal — will get the rest, according to a statement on Monday. The tie-up, which will be called IHS Markit, would have $3.3 billion in revenue based on 2015 results…
IHS Buys U.K. Financial Data Firm Markit for $5.5 Billion
