Markit and IHS to Merge in All-Stock Deal Valued at $13B
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Markit and IHS to Merge in All-Stock Deal Valued at $13B
An equity deal that values Markit for roughly $5.9billion has been reached where business research provider IHS Inc, listed under ticker IHS.N will acquire nearly 57% of the newly combined company, and bringing the merger value to just over $13billion between the newly combined businesses. This is according to a definitive agreement signed by the company’s and announced jointly today. The deal will be accretive to combined adjusted earnings and expected to bring combined free cash flow to $900M during 2017. Shares of Markit under ticker MRKT.O last traded at just under $30.00 per share, reflecting that the deal implied ... (read more)
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