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

The deal creates a data powerhouse.

By Reuters
March 21, 2016

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.

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