Summary
S&P Global Inc. (SPGI) announced a significant development regarding its pending merger with IHS Markit Ltd. on November 12, 2021. The company has reached a proposed agreement with the U.S. Department of Justice's Antitrust Division, clearing a major hurdle for the transaction to proceed. This agreement is contingent upon S&P Global divesting specific assets of IHS Markit, including its Oil Price Information Services, Coal, Metals and Mining, and PetroChem Wire businesses.
Key Highlights
- 1S&P Global Inc. (SPGI) and IHS Markit Ltd. have reached a proposed agreement with the U.S. Department of Justice's Antitrust Division.
- 2This agreement paves the way for the previously announced merger between SPGI and IHS Markit to move forward.
- 3A key condition of the agreement is the divestiture of IHS Markit's Oil Price Information Services business.
- 4Additionally, the divestiture includes IHS Markit's Coal, Metals and Mining businesses.
- 5The PetroChem Wire business of IHS Markit is also included in the required divestiture.
- 6The joint press release announcing this development was issued on November 12, 2021, and filed with the SEC on November 15, 2021.
- 7This resolution addresses antitrust concerns and is a critical step towards closing the proposed acquisition.