S&P-Markit: It’s Not Over Yet
S&P and IHS Markit may have agreed to their takeover deal, but there may yet be some surprises before the deal actually closes. Max ponders what might lie in store for the companies over the next six months.
One impact of the Covid-19 pandemic has been to dampen M&A activity in 2020. However, in September, with the virus still raging around the globe, IHS Markit CEO Lance Uggla got a call from S&P CEO Doug Peterson, proposing to acquire the business. The proposition was apparently so compelling that “to build trust as the principals discussed and explored a possible transaction,” according to a spokesperson for IHS Markit, Uggla flew from London to the US and quarantined for two weeks before meeting
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