IHS Inc. (NYSE:IHS), the leading global source of information and
analysis, today announced it has received notice from the Federal Trade
Commission granting early termination of the waiting period under the
Hart Scott Rodino Antitrust Improvements Act of 1976 for its acquisition
of GlobalSpec from Warburg Pincus LLC for $135 million. GlobalSpec is
the leading specialized vertical search, product information and digital
media company serving the engineering, manufacturing and related
scientific and technical market segments.
The parties are working to close the transaction as quickly as possible.
IHS senior management will host a conference call and webcast after
closing to discuss the GlobalSpec acquisition. A notice about the timing
of the call will be sent once an exact date has been determined.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and
analytics in critical areas that shape today’s business landscape,
including energy and power; design and supply chain; defense, risk and
security; environmental, health and safety (EHS) and sustainability;
country and industry forecasting; and commodities, pricing and cost.
Businesses and governments in more than 165 countries around the globe
rely on the comprehensive content, expert independent analysis and
flexible delivery methods of IHS to make high-impact decisions and
develop strategies with speed and confidence. IHS has been in business
since 1959 and became a publicly traded company on the New York Stock
Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs
more than 6,000 people in more than 30 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners. © 2012 IHS
Inc. All rights reserved.
IHS FORWARD-LOOKING STATEMENTS: This release may contain forward-looking
statements as defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements are statements that are not historical
facts. Such statements may include financial projections and estimates
and their underlying assumptions, statements regarding plans, objectives
and expectations with respect to future operations, products, and
services, and statements regarding future performance. Forward-looking
statements are generally identified by the words "expect," "anticipate,"
"believe," "intend," "estimate," "plan" and similar expressions.
Although IHS and its management believe that the expectations reflected
in such forward-looking statements are reasonable, investors are
cautioned that forward-looking information and statements are subject to
various risks and uncertainties--many of which are difficult to predict
and generally beyond the control of IHS--that could cause actual results
and developments to differ materially from those expressed in, or
implied or projected by, the forward-looking information and statements.
These risks and uncertainties include those discussed or identified by
IHS from time to time in its public filings. Other than as required by
applicable law, IHS does not undertake any obligation to update or
revise any forward-looking information or statements. Please consult our
public filings at www.sec.gov