IHS (IHS) and Markit (MRKT) Announce Merger of Equals

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Go back to IHS (IHS) and Markit (MRKT) Announce Merger of Equals

IHS and Markit to Merge, Creating a Global Leader in Critical Information, Analytics and Solutions

March 21, 2016 6:05 AM EDT

Combined company creates a global information powerhouse with leading positions in energy, financial services and transportation, serving a world-leading customer base with the opportunity to deliver a broader set of next-generation solutions across industries

Immediately accretive to combined adjusted earnings; expected combined free cash flow of more than $900 million in 2017

Significant value creation through clearly identified cost synergies of $125 million and revenue opportunities of $100 million

$1 billion share repurchase program in each of 2017 and 2018

LONDON & ENGLEWOOD, Colo.--(BUSINESS WIRE)-- IHS (NYSE: IHS) and Markit (NASDAQ:... More