British Anti-Trust Agency Flags S&P Global and IHS Markit Merger

The British anti-trust agency, the Competition and Markets Authority (CMA), said on Tuesday that it will clear the proposed Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term of S&P Global and IHS Markit if competition concerns in certain commodity price assessments are addressed.

The decision was made by the watchdog after the completion of a detailed Phase 1 investigation into ‘a range of concerns across the broad range of complex financial markets in which the merging businesses are active’.

According to the CMA, there are only limited competition concerns with the merger as the businesses of the two entities complement each other's services, and their combined presence is relatively small in the areas where both are active.

IHS Markit primarily provides information, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and solutions to business, finance and government clients, whereas S&P Global is a supplier of credit ratings, commodity price assessments, analytics, financial indices and market data.

The two companies agreed to combine their businesses last November as S&P Global made a $44 billion all-stock offer to purchase IHS Markit.

Concerns in Limited Markets

Additionally, the British agency pointed out that the merger would raise competition concerns in a limited number of markets, specifically in the supply of price assessments of biofuels, coal, oil and petrochemicals in the UK.

“After a thorough investigation of S&P and IHS Markit’s business activities, we’ve found that the deal raises competition concerns in only a handful of markets involving the supply of certain commodity price assessments in the UK,” said Colin Raftery, a Senior Director at CMA.

“In these markets, we’re concerned that the reduction in competition could lead to worse outcomes for customers. If our concerns can be addressed, we will clear this merger.”

While the UK competition agency flagged the deal, its European counterpart set to greenlight the merger, according to a recent Reuters report. However, the European Commission is yet to make any official announcement about its decision.