UK Antitrust Watchdog Probes S&P's $44B Bid For IHS Markit
By Najiyya Budaly (August 24, 2021, 12:27 PM BST) -- Britain's antitrust watchdog has launched a formal probe into the $44 billion takeover bid launched by S&P Global Inc. for London-based financial information provider IHS Markit Ltd.
The Competition and Markets Authority said on Monday that it has launched a formal "phase one" investigation into S&P's proposed transaction, announced in November by the New-York based ratings agency.
The CMA said on Monday that it has sent a notice of the launch of its merger inquiry to both companies. The competition regulator undertakes an initial phase one probe, after seeking preliminary comment from interested parties, to determine whether a merger raises plausible antitrust...
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