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: MRKT) today announced the signing of a definitive agreement under which the companies will combine in an all-share merger of equals to create a global leader in critical information, analytics and solutions. Based on the closing prices of IHS and Markit common stock on March 18, 2016, the implied equity value of the transaction is more than $13 billion. The transaction has been unanimously approved by the Board of Directors of each company.
News Media Contacts
For IHS:
Ed Mattix, +1-303-397-2467
ed.mattix@ihs.com
or
For Markit:
Ed Canaday, +1-917-434-5075
ed.canaday@markit.com
or
Investor Relations Contacts
For IHS:
Eric Boyer, +1-303-397-2969
eric.boyer@ihs.com
or
For Markit:
Matthew Kolby, +1-646-679-3140
matthew.kolby@markit.com
