IHS and Markit say they will combine in an all-share merger of equals. Based on the closing prices of IHS and Markit common stock on March 18, 2016, the implied equity value of the transaction is more than $13 billion. The transaction has been approved by the Board of Directors of each company.

Upon completion of the merger, the combined company will be renamed IHS Markit and will be based in London and have certain key operations based in Englewood, Colo. IHS shareholders will own approximately 57% and Markit shareholders will own approximately 43% of the combined company on a fully diluted basis. IHS shareholders will receive 3.5566 common shares of IHS Markit for each share of IHS common stock, which based upon the IHS closing price of $110.71 on March 18, 2016, implies a per share price of Markit common shares of $31.13.

In a statement the companies say that IHS Markit will be a "leader in critical information, analytics and solutions," and will have non-overlapping customers and products, a "strong financial profile and a world-class management team." The company will also deliver information and analytics products to help customers improve decision making. The companies say that IHS Markit will have more than 50,000 key customers, including 75% of the Fortune Global 500, creating "significant cross-selling opportunities" across multiple commercial industries and governments.

The combined company’s reported results for fiscal year 2015 include approximately: $3.3 billion in revenue, $1.2 billion in adjusted earnings before interest, taxes depreciation and amortization (EBITDA), and $800 million in free cash flow.