Davis Polk advised IHS Markit on the deal.
IHS Markit entered into its all-stock merger with S&P Global that values IHS Markit at an enterprise value of $44 billion. Under the terms of the merger agreement, each share of IHS Markit common stock will be exchanged for a fixed ratio of 0.2838 shares of S&P Global common stock. The transaction is expected to close in the second half of 2021, subject to, among other things, the expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, other antitrust and regulatory approvals, and other customary closing conditions.
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide.
S&P Global is a provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors.
The Davis Polk corporate team advising IHS Markit included partners Louis Goldberg (Picture) and Oliver Smith and associates Shanu Bajaj and Christine Choi. Partners Kyoko Takahashi Lin and Jeffrey P. Crandall and associate Joseph S. Brown provided executive compensation advice. Partner Howard Shelanski and counsel Suzanne Munck af Rosenschold provided antitrust and competition advice. Partner Michael Mollerus provided tax advice.
Involved fees earner: Shanu Bajaj – Davis Polk & Wardwell; Joseph Brown – Davis Polk & Wardwell; Christine Choi – Davis Polk & Wardwell; Jeffrey Crandall – Davis Polk & Wardwell; Louis Goldberg – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell; Suzanne Munck af Rosenschold – Davis Polk & Wardwell; Howard Shelanski – Davis Polk & Wardwell; Oliver Smith – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: IHS Markit Ltd.;