IHS Markit's stock surges 9% on acquisition news

Data giant S&P Global Inc (SPGI.US) shares rose more than 2.8% as it announced a $ 44 billion deal to buy IHS Markit Ltd (INFO.US), which provides financial data used by governments and businesses. This is the biggest corporate deal of 2020 so far. Douglas Peterson, the president and chief executive of S&P Global, will serve as CEO of the combined group that will be headquartered in New York. The deal is expected to close in the second half of 2021. Current S&P Global shareholders will own about 68% of the combined company on a fully diluted basis, while IHS Markit shareholders will own about 32%. IHS shares gained about 9%. IHS Markit Ltd (INFO.US) stock launched today's session with a bullish price gap and painted new all-time high at $101.38. However, if sellers will manage to regain control, the nearest support  lies at the upper limit of the upward channel. Source: xStation5
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