Dow Jones & Company, Inc. entered into an asset purchase agreement to acquire Base Chemicals Business from IHS Markit Ltd. (NYSE:INFO) for approximately $300 million on December 24, 2021. The consideration is subject to customary adjustments. Upon-completion, Base Chemicals will become part of Dow Jones' Professional Information Business. In a related transaction, FactSet Research Systems Inc. (NYSE:FDS) entered into an asset purchase agreement to acquire CUSIP Global Services Operation from S&P Global Inc. (NYSE:SPGI) for $1.9 billion. Dow Jones looks forward to welcoming new colleagues from Base Chemicals to Dow Jones next year. The transaction is subject to customary closing conditions, including receipt of certain regulatory approvals, antitrust approvals and the closing of the pending merger between S&P Global Inc. and IHS Markit. S&P Global Inc. and IHS Markit anticipate the combined company will receive aggregate net sale proceeds of approximately $1.3 billion from the transactions of which proceeds are net of taxes and payments to CUSIP Global Services' industry partner. Oliver Smith, Michael Mollerus, Pritesh P. Shah and Kyoko Takahashi Lin of Davis Polk & Wardwell LLP acted as legal advisor for IHS Markit. Saee Muzumdar of Gibson, Dunn & Crutcher LLP acted as legal advisor for News Corporation, parent of Dow Jones. Closing is expected in the second half of fiscal 2022.

Dow Jones & Company, Inc. completed the acquisition of Base Chemicals Business from IHS Markit Ltd. on June 1, 2022. The business will operate under the name Chemical Market Analytics by OPIS. In its most recent fiscal year, ended November 30, 2021, Base Chemicals generated approximately $65 million in revenues.