Summary
S&P Global Inc. (SPGI) filed an amendment to its Current Report (8-K/A) on March 4, 2022, primarily to provide updated financial information related to its previously announced acquisition of IHS Markit Ltd. The filing incorporates by reference the audited consolidated financial statements of IHS Markit for the years ended November 30, 2021, 2020, and 2019. Additionally, it presents unaudited pro forma combined condensed financial information for the year ended December 31, 2021, reflecting the expected impact of the merger as if it had been completed at the beginning of the fiscal year. This amendment is crucial for investors as it offers a clearer financial picture of the combined entity post-merger. By providing both historical IHS Markit data and pro forma combined statements, SPGI is enabling stakeholders to better understand the potential financial performance and position of the merged company. The inclusion of the merger agreement and a joint press release further contextualizes the significant strategic transaction.
Key Highlights
- 1Incorporation of audited financial statements for IHS Markit Ltd. for the fiscal years ending November 30, 2021, 2020, and 2019.
- 2Inclusion of unaudited pro forma combined condensed financial statements for the year ended December 31, 2021.
- 3Pro forma statements present the combined entity's financial performance as if the merger with IHS Markit had occurred on January 1, 2021.
- 4Provides a pro forma combined condensed balance sheet as of December 31, 2021.
- 5Includes a joint press release dated February 28, 2022, related to the merger.
- 6References the Agreement and Plan of Merger and amendments, outlining the terms of the acquisition.
- 7Consent of IHS Markit's independent registered public accounting firm, Ernst & Young LLP, is also included.