Industry Reactions to Markit-IHS Merger
Some in the space see it as a good deal for both sides, while others question the reasoning behind it and if the different cultures will gel.
Press releases tend to be filled with plenty of hyperbole thanks to PR teams looking at every word in an announcement as another opportunity to highlight why the news is so important. That's why at first glance labeling the Markit-IHS merger as the creation of a "global information powerhouse" might seem like a bit of an exaggeration.
However, facts are facts, and the new merged company, renamed IHS Markit, is valued at more than $13 billion, according to closing prices of IHS and Markit common
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