S&P, IHS to Offload Units Ahead of Merger to Meet Antitrust Conditions

S&P, IHS to Offload Units Ahead of Merger to Meet Antitrust Conditions
The S&P Global logo is displayed on its offices in the financial district in New York City, on Dec. 13, 2018. Brendan McDermid/Reuters
Reuters
Updated:

S&P Global and IHS Markit said on Monday they would sell a couple of businesses to satisfy antitrust requirements attached to the $44 billion merger of the financial information providers.

S&P Global will sell securities data solutions provider CUSIP Global Services (CGS) to financial data services firm FactSet for $1.93 billion in cash, while IHS will offload its Base Chemicals business to News Corp. for $295 million.