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Share Name | Share Symbol | Market | Type |
---|---|---|---|
S&P Global Inc | NYSE:SPGI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.74 | 0.17% | 440.61 | 442.62 | 439.37 | 439.84 | 251,572 | 18:22:21 |
NEW YORK, May 1, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the successful completion of its acquisition of Visible Alpha, the financial technology provider of deep industry and segment consensus data, creating a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform. Visible Alpha will be operated within the S&P Global Market Intelligence division.
"Visible Alpha and its innovative team are an outstanding complement to S&P Global's culture and capabilities," said Adam Kansler, President of S&P Global Market Intelligence. "The integration of Visible Alpha into S&P Capital IQ Pro demonstrates another transformative leap for our platform and reflects our combined commitment to providing customers with the highest quality investment research, estimates and analytics in the market."
Founded in 2015, Visible Alpha provides consensus forecast estimates, key performance indicators, and analytics from in-depth sell-side analyst models and distributes the data through a variety of distribution channels including a web-based platform, APIs and Feeds. Visible Alpha is backed by a group of investment banks that are key contributors of research and data to the platform. Their continued contributions will further enhance the depth and breadth of the overall Visible Alpha and S&P Capital IQ Pro offering.
S&P Global announced its agreement to acquire Visible Alpha in February 2024. The Company does not expect this transaction to have a material financial impact on S&P Global Market Intelligence or S&P Global as a whole.
Skadden, Arps, Slate, Meagher & Flom LLP is acting as S&P Global's legal advisor. Jefferies LLC is acting as Visible Alpha's exclusive financial advisor and Morgan, Lewis & Bockius LLP is acting as Visible Alpha's legal advisor.
Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things:
The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the Securities and Exchange Commission, including Item 1A, Risk Factors, in our most recently filed Annual Report on Form 10-K, which can be obtained at its website at http://www.sec.gov.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges, and accelerate progress for the world.
We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. For more information, visit www.spglobal.com.
Media Contacts
Christina Twomey
S&P Global
+1 (410) 382-3316
christina.twomey@spglobal.com
Farhan Husain
S&P Global Market Intelligence
+1 347 213 0065
farhan.husain@spglobal.com
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SOURCE S&P Global
Copyright 2024 PR Newswire
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