S&P Global to Buy IHS Markit for $39 Billion (Correct)

S&P Global Inc. has agreed to buy IHS Markit Ltd. for about $39 billion in stock, a deal that accelerates the wave of consolidation among the finance industry’s biggest data providers.

S&P is offering 0.2838 share for each IHS Markit share, representing a premium of about a 4.7% to IHS Markit’s last close, according to a statement Monday. After the deal, S&P shareholders will own approximately 68% of the combined company, which will be led by S&P’s Chief Executive Officer Douglas Peterson.

The deal marries S&P, one of the most famous names in financial markets, with a research company that ...