IHS (IHS) Tops Q2 EPS by 5c
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Piper Jaffray Raises Price Target on IHS (IHS) as Planned Markit Merger Creates Earnings Value
March 22, 2016 6:48 AM EDTPiper Jaffray reiterated a Neutral rating on IHS Inc. (NYSE: IHS), and raised the price target to $123.00 (from $111.00), as the company's planned merger with Markit creates earnings leverage. IHS shareholders will receive 3.5566 shares of the new IHS Markit, resulting in IHS owners holding 57%... More
IHS (IHS) and Markit (MRKT) Announce Merger of Equals
March 21, 2016 6:10 AM EDTIHS (NYSE: IHS) and Markit (NASDAQ: MRKT) announced the signing of a definitive agreement under which the companies will combine in an all-share merger of equals to create a global leader in critical information, analytics and solutions. Based on the closing prices of IHS and Markit common stock on March 18, 2016, the implied equity value of the transaction is more than $13 billion. The transaction has been unanimously approved by the Board of Directors of each... More
