IHS Receives Early Termination of HSR Waiting Period for GlobalSpec Acquisition; Call to Update Guidance to be Scheduled After Close

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ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 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 or www.ihs.com.

 

 

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