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US-based information and analytics provider IHS Inc. (NYSE: IHS) and UK data company Markit Ltd. (NASDAQ: MRKT) today announced the completion of the previously announced merger to form a new giant in the information industry under the name IHS Markit Ltd., as per an official statement.
The combined entity will begin trading tomorrow on the Nasdaq Global Select Market under the new trading symbol “INFO”, a particularly meaningful ticker that captures the core purpose of their business. Although it will be located in London, IHS Markit Ltd. will maintain “certain key operations” in IHS’s base of in Colorado.
Jerre Stead, IHS chairman ... (read more)