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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 | |
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0.00 | 0.00% | 41.92 | 41.88 | 42.01 | 0.00 | 01:00:00 |
By Ian Walker
The U.K. Competition and Markets Authority said Tuesday that it has opened a consultation on the undertakings proposed by S&P Global Inc. and IHS Markit Ltd. to address its concerns over the deal.
The regulator--which launched an investigation into S&P Global's planned $44 billion acquisition of IHS Markit last year--said is inviting comments from interested parties before making a final decision. It has set a deadline of Feb. 1 for parties to comment.
The regulator said on Oct. 26 that undertakings provided by S&P Global and IHS Markit Ltd. may satisfy its concerns over the deal and be accepted. It has until Feb. 25 to consider whether the undertakings provided, or a modified version of them, will be accepted.
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 2022.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
January 18, 2022 07:36 ET (12:36 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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