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…
Markit Ltd Acquired By IHS, But MRKT Remains in Driver's Seat
Mark Melin
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.