S&P Global gobbles up IHS Markit in $44 bn deal

New York (AFP) – Credit ratings giant S&P Global reached an all-stock deal to buy IHS Markit for $44 billion, the companies announced Monday.The merger will create a $126 billion financial services behemoth that will be headquartered in New York.The firms said joining forces will bolster offerings to investor clients and provide complementary information streams in growth areas, such as in the shifts towards renewable energy and environmental, social and governance (ESG) investing.The deal, one of the biggest transactions of the year, aims to capitalize on the growth in demand for good data am…

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HEDGE accordingly