S&P Global and IHS Markit entered into a merger agreement based on IHS' estimate of $44 billion, including $4.8 billion in net debt. IHS shareholders will receive 0.2838 shares of S&P for each of their securities. They will own 32.25% of the merged company and 67.75% of S&P shareholders. The transaction is subject to approval by the shareholders of both companies. It is expected to be closed in the 2nd half of 2021.