S&P GLOBAL INC. (NYSE:SPGI) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On March6, 2018, S&P Global Inc. (“the Registrant”) issued a press release announcing that it has entered into a definitive agreement to acquire Kensho Technologies Inc.
The press release relating to the acquisition is attached as Exhibit 99.1 and is incorporated by reference in this Item 7.01.
The information furnished to this Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Item 7.01 shall not be incorporated by reference into any filing or other document to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.
Item 8.01. Other Events.
On March6, 2018, the Registrant announced that it has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co. LLC to repurchase $1 billion of its outstanding common stock. The final settlement of the transaction under the ASR agreement is expected to be completed no later than the third quarter of 2018. The ASR is part of the Registrant's share repurchase program authorizing the repurchase of up to 50 million shares, as previously announced on December 4, 2013.
A copy of the press release issued by the Registrant relating to the ASR agreement is filed herewith as Exhibit 99.2 and incorporated herein by reference.
Item 9.01. Exhibits.
The following exhibits are furnished with this report:
(99.1) Press Release of the Registrant Relating to Kensho Technologies Inc., dated March6, 2018.
(99.2) Press Release of the Registrant Relating to Accelerated Share Repurchase, dated March6, 2018.
S&P Global Inc. ExhibitEX-99.1 2 exhibit991-03062018spgifor.htm EXHIBIT 99.1 Exhibit Ex. 99.1S&P Global to Acquire Kensho; Bolsters Core Capabilities in Artificial Intelligence,…To view the full exhibit click here
About S&P GLOBAL INC. (NYSE:SPGI)
S&P Global Inc., formerly McGraw Hill Financial, Inc., is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services. The Company operates its business through four segments: Standard & Poor’s Ratings Services (S&P Ratings), S&P Global Market Intelligence, S&P Dow Jones Indices (S&P DJ Indices) and S&P Global Platts. The Company serves through a range of products and services available through both third-party and distribution channels.