S&P Global Inc. (NYSE: SPGI) and IHS Markit (NYSE: INFO) have disclosed that they have signed a merger agreement that combines the two world-class organizations. SPGI and INFO merged together in an all-stock transaction that values INFO at a business value of $44 billion. It also incorporates $4.8 billion of net debt. Both the firms’ boards of directors have collectively accepted the merger agreement.

As per the contract, each share of INFO ordinary stocks will be traded for a fixed ratio of 0.2838 shares of S&P Global ordinary stock. After the execution of the contract, the current stakeholder of SPGI will be the keeper of nearly 67.75% of the merged firm. On the other hand, INFO will hold nearly 32.35%.