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Quotes & Info
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| IHS > SEC Filings for IHS > Form 8-K on 14-Oct-2008 | All Recent SEC Filings |
14-Oct-2008
Other Events
IHS Inc. (the "Company) today announced that it completed the closing of its acquisition of Global Insight, Inc., on October 10, 2008. The acquisition closed for $118 million in cash and approximately 1.3 million shares of the Company's common stock. Company shares were priced at $60.50 per share for purpose of calculating the number of shares to be issued under the terms of the merger agreement. Based on the closing price of the Company's common stock on Oct. 10, 2008, the shares had an aggregate value of $47 million. Terms of the transaction include a lock-up agreement restricting the salability of the issued shares with 10 percent of the shares restricted for one year, 50 percent for two years and 40 percent for three years.
The Company will discuss this acquisition on a previously announced call on October 14, 2008, that is open to the public. The media release furnished as Exhibit 99.1 to this Form 8-K includes instructions for accessing that call. The call will also be recorded and available for replay on the Company's website at www.ihs.com.
This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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