IHS Markit Explores Divesting Some Assets as It Awaits Combination With S&P Global

By Dave Sebastian

S&P Global Inc. and IHS Markit Ltd. said they are exploring the sale of IHS Markit's oil price information services business and the coal, metals and mining business, following feedback from regulators.

S&P Global late last year agreed to buy IHS Markit for about $44 billion, a landmark deal that would combine two of the largest providers of data to Wall Street. The companies on Thursday said they continue to expect the deal to close in the second half of the year.

The companies said the decision to divest the assets was to ensure the pending combination closes on a timely basis. The asset sale is subject to further review and approval by regulators and antitrust authorities, the companies said.

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(END) Dow Jones Newswires

05-13-21 0724ET