Wednesday, June 13, 2007
IHS Acquires Jane's Information Group
IHS Inc., a provider of technical information, products and services to governments and corporations, announced Tuesday that it has acquired Jane's Information Group, a well-known publisher of military information. IHS said it paid The Woodbridge Company Ltd. 4.399 million shares of IHS common stock, which translates to about $183.5 million, based on Monday's closing share price of $41.71. IHS also said Woodbridge, as part of the transaction, agreed to a three-year lockup agreement that restricts its ability to sell any IHS shares. Jane's was founded in 1898. IHS is headquartered in Englewood, Colo., and employs more than 3,500 people worldwide.