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Data providers IHS, Markit to merge into $13B combo

Mar 22, 2016 - The Deal Pipeline
Mergers and Acquisitions

Financial services information groups IHS Inc.(HIS) and its British peer Markit Group Ltd. (MRKT) announced an agreed all-share merger of equals on Monday, March 21, with an implied equity value they put at more than $13 billion.

In a joint statement, IHS chairman and CEO Jerre Stead described the deal as a "transformational merger," while his counterpart at Markit Lance Uggla added: "Together, we will create a global information powerhouse and a platform for innovation that drives future ...