Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
    • 2022 Women Breaking the Mold
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Acquisition
December 01, 2020 10:16 AM

S&P/IHS merger creates research giant

Frank Esposito
Plastics News
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    The world of big data is getting bigger with S&P Global's $44 billion merger with IHS Markit.

    The all-stock transaction includes $4.8 billion of net debt. Under terms of the deal, each share in London-based IHS will be exchanged for just under 0.3 shares of stock in New York-based S&P. When the deal is completed, current S&P shareholders will own approximately 67.75 percent of the combined firm, while IHS shareholders will own the remaining 32.25 percent.

    S&P is the world's foremost provider of credit ratings, benchmarks and analytics in global capital and commodity markets. Its business units include Global Ratings, Global Market Intelligence, Dow Jones Indices and Global Platts.

    IHS delivers next-generation information, analytics and solutions to customers in business, finance and government. IHS moved into the plastics and chemicals research field when it acquired Houston-based CMAI in 2011.

    Douglas Peterson, S&P president and CEO, will serve as CEO of the combined company, which will be based in New York. IHS Chairman and CEO Lance Uggla will remain with the firm as special advisor for one year following closing, which is expected in the second half of 2021.

    "Through this exciting combination, we are able to better serve our markets and customers by creating new value and insights," Peterson said in a Nov. 30 news release. "This merger increases scale while rounding out our combined capabilities, and accelerates and amplifies our ability to deliver customers the essential intelligence needed to make decisions with conviction.

    "We have been impressed by the IHS Markit team and look forward to welcoming the talented IHS Markit employees to S&P Global," he added.

    Uggla said in the release that the transaction "is a win for both IHS Markit and S&P Global as we leverage our respective strengths in information, data science, research and benchmarks."

    Related Article
    How 5G technology will move forward in the auto world
    New COVID-19 lockdowns imperil European car sales recovery
    Editorial: Pandemic makes forecasts even more of a guessing game
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Updated: Goodyear to close 'redundant' Cooper Tire warehouses
    2
    Danfoss Power Solutions, former Eaton Hydraulics see success a year after purchase
    3
    Hexpol Silicones nearly triples space with move to Akron facility
    4
    Kultevat looks to fill gap in domestic NR source with TKS dandelion
    5
    Cooper-Standard shows improvements amid headwinds
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
        • 2022 Women Breaking the Mold
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION