S&P Global in the $650 million divestiture of its Leveraged Commentary and Data business and its related family of leveraged loan indices to Morningstar

S&P Global today announced an agreement to sell its Leveraged Commentary & Data (“LCD”) business and its related family of leveraged loan indices to Morningstar, Inc. for $650 million in cash, $50 million of which is payable after closing upon the achievement of certain conditions. The sale of the LCD business is a condition of regulatory approval from the European Commission for the recently completed merger of S&P Global and IHS Markit Ltd.  Wachtell, Lipton, Rosen & Katz served as legal advisor to S&P Global.