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Share Name | Share Symbol | Market | Type |
---|---|---|---|
News Corporation | ASX:NWS | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.35 | 3.63% | 38.52 | 38.52 | 38.53 | 38.84 | 38.52 | 38.57 | 283,354 | 06:33:39 |
Ian Walker
The U.K. Competition and Markets Authority said Friday that it has accepted undertakings provided by S&P Global Inc. and IHS Markit Ltd. and therefore won't refer the deal for a Phase 2 review.
The regulator, which launched an investigation into S&P Global's planned $44 billion acquisition of IHS Markit last year, said on Oct. 26 that undertakings provided by the companies may satisfy its concerns over the deal and be accepted. At that time, t set a deadline of Feb. 25 for its decision.
The companies had offered a number of undertakings to address the regulator's concerns and on Dec. 27 agreed to sell IHS Markit's Base Chemicals business to News Corp., the parent company of Dow Jones & Co., publisher of the Wall Street Journal and Dow Jones Newswires, for $295 million.
They also said they would sell S&P's CUSIP Global Services business to FactSet Research Systems Inc. for more than $1.9 billion.
In addition S&P has pledged to sell its Leveraged Commentary & Data business, along with a related family of leveraged loan indexes, as a condition for regulatory approval of the IHS deal, which the companies expect to complete in the first quarter of this year.
"The merger between S&P Global Inc. and IHS Markit Ltd. will therefore not be referred to Phase 2 and the undertakings which have been signed by S&P Global Inc. and IHS Markit Ltd. will come into effect from this date," the regulator said Friday.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 25, 2022 08:27 ET (13:27 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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