Why S&P Global and IHS Markit Both Popped on Monday

Eric Volkman, The Motley Fool
·2-min read
Why S&P Global and IHS Markit Both Popped on Monday

Monday was a good day to be a shareholder in either S&P Global (NYSE: SPGI) or IHS Markit (NYSE: INFO), with the former closing 3% higher and the latter 7.4%. This will be done with an all-stock transaction in which IHS Markit stockholders will receive 0.2838 shares of S&P Global for every share they currently own. All told, S&P Global and IHS Markit estimate the enterprise value of the deal at $44 billion, which includes $4.8 billion in net debt.