INFO - Deal spread in IHS Markit/S&P Global merger narrows quickly

The deal spread in S&P Global's (NYSE:SPGI) planned $44B merger with IHS Markit Ltd. (NYSE:INFO) narrowed quickly. The spread narrowed to $3.96 from $4.62 yesterday, though investors couldn't find a reason for the move as of press time. The deal is awaiting regulatory approval including the U.S. and the U.K. after the companies announced conditional approval from the European Commission last month. S&P also last month said the deal is expected to close in Q1 after earlier forecasting a Q4 close. INFO and SPGI didn't immediately return Seeking Alpha request for comment. Also last month, S&P Global, IHS Markit more likely to get U.K. antitrust approval.

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Deal spread in IHS Markit/S&P Global merger narrows quickly