S&P Global and IHS Markit Merger Obtain Phase 1 Approval from EC

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced on Friday that they had received the green light from the European Commission (EC) after being granted a conditional Phase 1 approval for their $44 billion merger.

“The European Commission’s decision provides clarity on the steps we will need to implement to complete our combination. Once concluded, I expect the Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term of these two great businesses to accelerate innovation within our core services and generate exciting new opportunities that deliver on our capacity to power the markets of the future,” Douglas L. Peterson, President and Chief Executive Officer of S&P Global, commented in a press release.

The decision comes days after the Competition and Markets Authority (CMA), a British antitrust agency, announced that it will approve S&P Global’s proposed merger with IHS Markit, provided certain concerns about price assessments are addressed. According to the CMA, the merger poses only limited competition concerns since the businesses of the two entities complement one another's offerings, and the combined presence of the two companies is relatively small in the markets where they are active.

“Our teams have been working closely with the relevant regulatory authorities to achieve this important milestone for our merger. Once combined, the new company will deliver a broader set of information and insights that will drive the growth and performance of our customers,” Lance Uggla, Chairman and Chief Executive Officer of IHS Markit, stated on the matter.

Other Investments

Additionally, the firms have agreed to divest themselves of IHS Markit’s Oil Price Information Services (OPIS), Coal, Metals, and Mining (CMM), and PetroChem Wire (PCW) businesses, the press release noted.

IHS Markit primarily provides information, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and solutions to business, finance and government clients, whereas S&P Global is a credit ratings, commodity price assessments, analytics, financial indices and market data supplier. It was announced last year that the two companies would merge their businesses as S&P Global made an all-stock offer of $44 billion to purchase IHS Markit.