IHS publishes Jane's Defence Weekly Photograph by Dowell Getty Images/Moment RF

IHS Is Buying Markit in a Business Information Deal Worth $6 Billion

Updated: Mar 21, 2016 11:20 AM UTC

Business research provider IHS (ihs) said it would buy Markit Ltd in an all-stock deal that values the London-based financial data provider at about $5.9 billion.

IHS shareholders will own about 57% of the combined company, which would have a total value of more than $13 billion, while Markit shareholders will own the rest.

Shareholders of IHS , the publisher of Jane's Defence Weekly, will get 3.5566 common shares of the combined company, IHS Markit, for each share held.

IHS said the deal value implied a market price of $31.13 per Markit share, a premium of 5.6 percent over its Friday close.