S&P Global and IHS Markit complete merger

NEW YORK, February 28, 2022 /PRNewswire/ — S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) today announced that they have completed their merger. The company plans to issue a separate press release and Form 8-K today after the U.S. market close, which will include additional information, restated pro forma operating results and financial guidance for 2022.

The Company will hold a conference call to discuss the closing of the merger with investors on Tuesday, March 1, 2022at 8:00 a.m. ET. Login details will be provided in the aforementioned press release which will be issued after market close.

About S&P Global

S&P Global (NYSE: SPGI) provides essential information. We empower governments, businesses and individuals with the right data, expertise and connected technology so they can make decisions with conviction. From helping our clients evaluate new investments to guiding them through ESG and energy transition in supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.

We are widely sought after by many of the world’s largest organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With each of our offerings, we help the world’s leading organizations plan for tomorrow, today. For more information, visit www.spglobal.com.

contacts:

Investor Relations:

IHS Markit
Eric Boyer
Tel: +1 303 397 2969
[email protected]

S&P Global
Mark Grant
Tel: + 1 347 640 1521
[email protected]

Media:

S&P Global
Ola Fadahunsi
Tel: +1 332 210 9935
[email protected]

S&P Global
Christopher Krantz
+44 (0) 20 7176 0060 (office)
[email protected]

Forward-looking statements:

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. ‘fine. These forward-looking statements, which are based on current expectations, estimates and projections regarding future business and operating results, the industry and the markets in which S&P Global Inc. (the “Company”) and IHS Markit Ltd. (“IHS Markit”) operation and the beliefs and assumptions made by the management of the Company and the management of IHS Markit, involve uncertainties that could materially affect the financial or operating results of the Company, IHS Markit or the combined company. Words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “will”, “should”, “may”, “projects” , “could”, “would”, “”target”, “estimates” or variations of these words and other similar expressions are intended to identify such forward-looking statements, which are generally not historical in nature, but all statements forward-looking statements do not include such identifying words. These forward-looking statements include, but are not limited to, earnings projections, statements regarding the expected completion of the merger, statements of plans for future operations or expected revenues, statements about the benefits of the merger, including future financial and operating results. and cost and revenue synergies, plans, goals, expectations and intentions of the combined company. All statements relating to operational performance, events or developments that we expect or expect to occur in the future – including statements relating to the creation of shareholder value, the benefits of the merger for shareholders, employees, customers and other constituents of the combined company, the outcome of contingencies, future actions of regulators, changes in business strategies and revenue generation methods, the development and performance of the services and products of each business, the integration of our businesses, cost savings, the expected timeline for completion of the merger, general conditions in the geographies where we operate and our respective effective tax rates, our cost structure, our dividend policy, cash flow or liquidity — are forward-looking statements.

These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in these forward-looking statements. We cannot guarantee that our expectations will be achieved and, therefore, actual results may differ materially from what is expressed or anticipated in such forward-looking statements. For example, these forward-looking statements could be affected by factors including, but not limited to, the risks associated with: (I) uncertainty regarding the impact of the integration of the Company’s and IHS Markit’s businesses, including possible adverse reactions or changes in business relationships resulting from the integration and increased cyber risks during the integration; (ii) the Company’s ability to successfully integrate the businesses of IHS Markit and to retain and hire key personnel; (iii) the Company’s ability to implement its plans, forecasts and other expectations, including with respect to IHS Markit’s business and to achieve expected synergies; (iv) business disruption following the transaction with IHS Markit; (v) economic, financial, political and regulatory conditions, in particular United States and elsewhere, and other factors that contribute to uncertainty and volatility, including from the United Kingdom withdrawal from the European Union, natural and man-made disasters, civil unrest, pandemics (e.g., COVID-19 and its variants (the “COVID-19 Pandemic”)), geopolitical uncertainty and conditions that may result from legislative, regulatory, business and political changes associated with the current US administration; (vi) the Company’s ability to recover from a disaster or other business continuity issue due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber attack, data breach, power failure, telecommunications failure or any other natural or man-made event man-made, including the ability to operate remotely during long-term disruptions such as the COVID-19 pandemic; (vii) the impact of public health crises, such as pandemics (including the COVID-19 pandemic) and epidemics and any related corporate or governmental policy and action to protect the health and safety of individuals or government policies or actions to keep national or global economies and markets functioning, including any quarantine, “shelter-in-place”, “stay-at-home”, workforce reduction, social distancing, shutdown or similar actions and policies; (viii) the outcome of any potential litigation, governmental and regulatory proceedings, inquiries and investigations; (ix) developments in debt and equity markets, including credit quality and spreads; (x) demand for investment products that track indices and valuations, and trading volumes of certain exchange-traded derivatives; (xi) developments in financial, capital, credit and commodity markets and interest rates; (xii) the possibility that the integration of IHS Markit will be more costly to complete than anticipated, including due to unexpected factors or events; (xiii) the ability of the parties to meet expectations regarding the accounting and tax treatments of the proposed transaction; (xiv) the outcome of previously announced offers to exchange all outstanding bonds issued by IHS Markit for new bonds to be issued by the Company and the consent solicitations to adopt certain proposed amendments to each of the indentures governing the IHS Bonds markit; and (xv) additional risks and factors discussed in reports filed with the Securities and Exchange Commission by the Company and IHS Markit from time to time, including those discussed under the heading “Risk Factors” in their respective latest annual reports. filed on Form 10-K. Although the list of factors presented herein is believed to be representative, this list should not be considered a complete statement of all potential risks and uncertainties. Factors not listed may present additional material impediments to the making of forward-looking statements. The consequences of material differences in results from those anticipated in the forward-looking statements could include, among others, business interruption, operational problems, financial loss, legal liability to third parties and similar risks, each of which may have a material adverse effect on the consolidated financial position, results of operations, credit rating or liquidity of the Company or IHS Markit. Except to the extent required by applicable law or regulation, the Company and IHS Markit disclaim any obligation to update any forward-looking statements contained in this communication or to otherwise update any of the foregoing factors.

SOURCE S&P Global

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