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S&P Global headquarters in New York (2018): Second largest acquisition of the year
Photo: BRENDAN MCDERMID / REUTERS
The financial data provider S&P Global wants to take over the competitor IHS Markit in a multi-billion dollar stock deal.
IHS Markit is valued at $ 44 billion, both companies said.
That also includes $ 4.8 billion in debt.
S&P Global is owned by the rating agency S&P, known as Standard & Poor's.
The merger hopes to save running costs of $ 480 million annually.
Assuming official approvals, the companies involved plan to complete the acquisition in the second half of 2021.
The deal would be the second largest this year behind a $ 56 billion deal in the oil industry in China.
IHS Markit had reached a record high in the past week of trading and was valued on Friday at the closing price of 36.9 billion dollars.
S&P Global has a market value of $ 82.2 billion.
There are more and more large mergers in the financial data industry.
In Europe, the London Stock Exchange is currently trying to wrap up its € 27 billion takeover of the financial data provider Refinitiv.
The EU competition watchdogs are carefully examining the planned takeover and demanding concessions.
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fdi / dpa-AFX
