Data providers IHS, Markit to merge in $13 billion deal

Information and analytics firms IHS Inc. and Markit Ltd. plan an all-stock merger of equals, the companies said Monday in a news release. The implied equity value of the transaction is more than $13 billion, the release said. The combined company will be named IHS Markit and headquartered in London, with certain operations based in Englewood, Colo. IHS shareholders are expected to own about 57% of the new entity, with Markit holders owning 43%. Shares in Englewood-based IHS and London-based Markit were inactive in premarket trading early Monday.

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