RSSMarket research firm IHS Markit announced that its shareholders voted overwhelmingly to approve its merger with S&P Global.
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At a special general meeting of shareholders held today, 98.95 percent of the votes cast voted to approve the proposed merger agreement.
Under the terms of the proposed merger, each share of IHS Markit common stock will be exchanged for a fixed ratio of 0.2838 shares of S&P Global common stock.
"We are delighted by the overwhelming shareholder support of this strategic merger," said IHS Markit Chairman and CEO Lance Uggla. "We remain focused on bringing together two great companies for the benefit of our customers, employees and shareholders."
IHS Markit continues to anticipate that the closing of the merger will occur in the second half of 2021 pending antitrust and regulatory approvals, and satisfaction of other customary closing conditions.
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