IHS Markit sells Base Chemicals business to News Corp
Davis Polk is advising IHS Markit in connection with its $295 million sale of IHS Markit’s Base Chemicals business to News Corp. This transaction represents continued progress toward completing the pending merger of S&P Global and IHS Markit. The transaction is expected to be completed following and conditioned upon the closing of the merger between S&P Global and IHS Markit, which is expected in the first quarter of 2022, and satisfaction of other customary closing conditions.
IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
The Davis Polk corporate team includes partner Oliver Smith and associates Shanu Bajaj, Christine Choi and Claire Fischer. Partner Michael Mollerus is providing tax advice. Partner Pritesh P. Shah and associates Samantha Lefland are providing intellectual property advice. Partner Kyoko Takahashi Lin and associates Joseph S. Brown are providing executive compensation advice. All members of the Davis Polk team are based in the New York office.