IHS Markit Shareholders Agree to Merge with S&P Global

IHS Markit, a leader in critical information, analytics and solutions, announced that 98.95 percent of its shareholders voted to approve its proposed merger agreement with S&P Global.

According to the terms of the proposed merger, each share of IHS Markit common stock will be exchanged for a fixed ratio of 0.2838 shares of S&P Global common stock.

Commenting on the news, Lance Uggla, Chairman and CEO of IHS Markit, remarked, "We are delighted by the overwhelming shareholder support of this strategic merger. We remain focused on bringing together two great companies for the benefit of our customers, employees and shareholders."

IHS Markit continues to anticipate that the closing of the merger will occur in the second half of 2021 pending antitrust and regulatory approvals, and satisfaction of other customary closing conditions.

Back to November 2020, Fazzaco reported that S&P Global is negotiating to buy IHS Markit at a valuation of around $44 billion​. Then in December, the two companies released combined company’s divisional structure as well as the launch of an Integration Management Office (IMO).