-=IHS Markit Ltd. (INFO) to be acquired by S&P Global Inc. (SPGI) for $44 billion

• The biggest M&A deal of 2020
• S&P Global will own around 67.75% of the combined financial information and data group when the deal is closed in the second half of next year.
• Combining the two data and information groups will yield around $480 million in cost synergies.

=IHS Markit (INFO) reported earnings Tue 26 Sept 2017 (b/o)

IHS Markit beats by $0.04, beats on revs; reaffirms FY17 EPS guidance, revs guidance

• Reports Q3 (Aug) earnings of $0.57 per share, $0.04 better thanthe Capital IQ Consensus of $0.53; revenues rose 24.9% year/year to $904.7 mln vs the $890.99 mln Capital IQ Consensus.
• Co reaffirms guidance for FY17, sees EPS of $2.02-2.08 vs. $2.06 Capital IQ Consensus Estimate; sees FY17 revs of ~$3.49-3.56 bln vs. $3.55 bln Capital IQ Consensus Estimate.
  • Co also states that FY17 Adjusted EBITDA is trending at the low- to mid-point of the range of $1.375-1.400 bln

IHS Markit (INFO) reported earnings Tue 17 Jan 2017 (b/o)

** charts after earnings **

 

IHS Markit beats by $0.02, reports revs in-line; reaffirms FY17 EPS guidance, revs guidance:

• Reports Q4 (Nov) earnings of $0.48 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.46; revenues rose 57.2% year/year to $873.8 mln vs the $870.5 mln Capital IQ Consensus. Co reported Q4 Adjusted EBITDA of $338 million. Cash flow from operations of $163 million and free cash flow of $115 million.
• Co reaffirms guidance for FY17, sees EPS of $2.02-2.08 vs. $2.05 Capital IQ Consensus Estimate; sees FY17 revs of $3.4-3.560 n;m vs. $3.53 bln Capital IQ Consensus Estimate. Co sees FY17 Adjusted EBITDA in a range of $1.375 billion to $1.400 billion.

Long trade : INFO +10% (5/16)

Markit (MRKT) mergered with IHS Inc. to form IHS Markit (INFO)