S&P Global in deal to buy IHS Markit

A street sign is displayed at the New York Stock Exchange in New York, Monday, Nov. 23, 2020. Stocks are mostly lower as Wall Street heads into the Thanksgiving holiday. The S&P 500 index slipped 0.4% in the early going Wednesday, but it’s still holding on to a gain of almost 11% for the month. (AP Photo/Seth Wenig)

S&P Global is buying IHS Markit in a 44 billion US dollar (£32.9 billion) all-stock deal that brings together two of the largest data providers to Wall Street.

Each share of IHS Markit common stock will be exchanged for a fixed ratio of 0.2838 shares of S&P Global stock.