Summary
S&P Global Inc. (SPGI), then operating as The McGraw-Hill Companies, Inc., announced on September 12, 2011, a significant strategic plan to separate its business into two distinct publicly traded entities. This separation involves spinning off the education services and digital learning division, creating a new company focused on that segment. The remaining business will concentrate on capital and commodities markets, aligning with the company's data and analytics services. This move is intended to unlock value and allow each new entity to pursue its growth strategies more effectively.
Key Highlights
- 1The McGraw-Hill Companies, Inc. (now S&P Global Inc.) plans to split into two independent public companies.
- 2One company will focus on capital and commodities markets.
- 3The other company will focus on education services and digital learning.
- 4The education business will be spun off to shareholders.
- 5The separation is expected to be tax-free.
- 6The transaction is anticipated to be completed by the end of 2012.
- 7The separation is subject to final Board approval and a tax ruling from the IRS.