S&P Global Inc. has entered into a $1 billion accelerated share repurchase agreement with Morgan Stanley & Co. LLC.
The transaction is expected to be completed in the third quarter. S&P Global is using available cash to fund the accelerated share repurchase transaction.
The company expects to pay out at least 75% of its free cash flow to shareholders in 2018 through dividends and share repurchases.
S&P Global Market Intelligence is owned by S&P Global Inc.
