Company Of The Day: IHS Markit
What?
IHS Markit’s (NYSE:INFO) planned merger with S&P Global is likely to close in Q1 2022, behind the original timeline of a Q4 2021 close.
Why?
While the deal has received antitrust approval from the U.S. Justice Department, subject to certain divestitures, it is still awaiting regulatory approval in the U.K.
So What?
Investors appear optimistic about the all-stock deal’s eventual closing. IHS stock is up by about 47% year-to-date, roughly in line with S&P Global’s gains.
See Our Complete Analysis For IHS Markit
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| Returns | Dec 2021 MTD [1] |
2021 YTD [1] |
2017-21 Total [2] |
| INFO Return | 9% | 49% | 265% |
| S&P 500 Return | 1% | 25% | 109% |
| Trefis MS Portfolio Return | -1% | 43% | 286% |
[1] Month-to-date and year-to-date as of 12/14/2021
[2] Cumulative total returns since 2017