S&P Global and IHS Markit announce final regulatory approval for merger and expected close on February 28, 2022.
IHS Markit saw its fourth quarter revenue for Financial Services increase $14 million, or 3% year-on-year, to $473 million.
The Competition and Markets Authority (CMA) has opened a consultation on undertakings proposed by S&P and IHS Markit.
The CMA is still considering whether to accept the undertakings offered by S&P Global Inc and IHS Markit Ltd.
The UK CMA directed IHS Markit Ltd and IHS Markit Group Holdings to appoint a monitoring trustee.
The CMA has served an initial enforcement order in relation to the anticipated acquisition of IHS Markit Ltd. by S&P Global Inc.
Undertakings offered by S&P Global Inc. and IHS Markit Ltd. might be accepted by the CMA under the Enterprise Act 2002.
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of IHS Markit by S&P Global.
The CMA will clear S&P’s merger with IHS Markit if competition concerns in certain commodity price assessments are addressed.
IHS Markit reported Q3 2021 revenue for Financial Services of $490 million, up $44 million, or 10% from a year earlier.