Markit Ltd Acquired By IHS, But MRKT Remains in Driver's Seat

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Mark Melin
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Shares of expansion-minded Markit Ltd continued to race higher Tuesday in the wake of an acquisition by U.S.-based IHS Inc., which agreed to acquire the data and business research provider at a 5.6% premium to Friday’s close. Although the Markit prefers it being called a “merger of equals,” both companies announced plans to move to Markit headquarters in London and Markit’s founder is expected to become the head of the combined company in December. Markit, a company that got its start in derivatives and quickly expanded its information services business appears on positive side of acquisition again Markit shares traded on…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.