IHS to buy London-based Markit in all-stock deal: Reuters
U.S. business research provider IHS Inc said it would buy Markit Ltd in an all-stock deal valuing the London-based financial data company at about US$5.9 billion, Reuters reported. IHS shareholders will own about 57 percent of the combined company, which will be based in London and have a total market value of more than US$13 billion. Markit's top investors include U.S. equity firm General Atlantic LLC, Singapore's Temasek Holdings Pte Ltd and Canada Pension Plan Investment Board.
21 March 2016•2 mins read
