IHS set to merge with Markit

IHS Markit will be headquartered in London; the transaction has an implied value of $13 billion

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It's a deal: IHS and Markit will combine to become a global information giant

Information and data analytics providers IHS and Markit have agreed to merge into a new company called IHS Markit, in what the announcement described as a "merger of equals" to create a giant in critical information, analytics and solutions.

The implied equity value of the transaction is more than $13 billion and the deal is expected to close in the second half of the year, pending regulatory approval. The boards of Markit and IHS have unanimously approved the move.

IHS Markit will be

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