One of the side effects of bull markets is an increase in mergers and acquisitions. While investors are focusing heavily on Salesforce 's purchase of Slack Technologies , a bigger deal was announced on Monday, when S&P Global (NYSE: SPGI) said it was buying IHS Markit (NYSE: INFO) . This is a big transaction in the financial data space that demonstrates how hot financial data is right now.
S&P Global is acquiring IHS Markit for $44 billion in stock; IHS shareholders will receive 0.2838 shares of S&P Global per share of IHS Markit. The transaction was recommended by both boards of directors and is expected to close in the second half of 2021. The elongated timeline indicates the companies anticipate an extended antitrust review.
What should investors do now? Let's walk through it.
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S&P Global Beefs Up Its Financial Data Arm By Buying IHS Markit