Summary
S&P Global Inc. (formerly McGraw Hill Financial, Inc.) announced the completion of its acquisition of SNL Financial LC on September 1, 2015. This significant transaction, valued at approximately $2.225 billion in cash, subject to post-closing adjustments, involved SNL Financial continuing as a wholly owned subsidiary of S&P Global. This acquisition marks a key strategic move for the company, likely aimed at expanding its data and analytics capabilities within the financial services sector. Investors should note that while the core transaction details are disclosed, the full financial impact, including acquired financial statements and pro forma information, will be filed in an amendment within 75 days.
Key Highlights
- 1Completion of the acquisition of SNL Financial LC by McGraw Hill Financial, Inc. (now S&P Global Inc.) on September 1, 2015.
- 2The aggregate purchase price was approximately $2.225 billion in cash.
- 3The transaction was structured as a merger, with SNL Financial LC surviving as a wholly owned subsidiary.
- 4The acquisition is considered a significant strategic development for the company.
- 5Required financial statements and pro forma information for the acquired business will be filed via amendment within 75 days of the closing date.
- 6The Merger Agreement dated July 24, 2015, is incorporated by reference.
Frequently Asked Questions
This 8-K filing primarily announces the completion of McGraw Hill Financial, Inc.'s (now S&P Global Inc.) acquisition of SNL Financial LC.
The aggregate consideration paid for SNL Financial was approximately $2.225 billion in cash, which is subject to post-closing adjustments.
The detailed financial statements of SNL Financial and pro forma financial information reflecting the acquisition will be filed by amendment to this 8-K no later than 75 days after the closing date of September 1, 2015.
McGraw Hill Financial, Inc. is the acquiring entity mentioned in this filing. It later rebranded to S&P Global Inc.