Business
S&P Global Announces Approval of Separation of Mobility Global
S&P Global Announces Approval of Separation of Mobility
About this update from S&p Global Inc.
[{"type":"text","content":"NEW YORK, May 21, 2026 /PRNewswire/ -- S&P Global Inc. (NYSE: SPGI) (\"S&P Global\") today announced that its Board of Directors (the \"Board\") has approved the previously announced separation of its Mobility division, and the creation of an independent, public company, Mobility Global Inc. (\"Mobility Global\").The separation will be achieved through a pro rata distribution of 100% of the outstanding shares of Mobility Global common stock to the holders of S&P Global common stock. S&P Global shareholders will receive one share of Mobility Global common stock for every share of S&P Global common stock held at the close of business on the record date of June 15, 2026 (the \"record date\"). The distribution of Mobility Global shares is expected to be effective at 12:01 a.m. New York City time on July 1, 2026.The holders of S&P Global common stock entitled to receive the distribution will receive a book-entry account statement or a credit to their brokerage account reflecting their ownership of Mobility Global common stock. No action is required by S&P Global shareholders to receive Mobility Global shares in the distribution.Fractional shares of Mobility Global common stock will not be distributed. Any fractional share of Mobility Global common stock otherwise issuable to a holder of S&P Global common stock will be sold in the open market on such shareholder's behalf, and such shareholder will receive a cash payment for the fractional share based on its pro rata portion of the net cash proceeds from all sales of fractional shares.Prior to the distribution, S&P Global expects to deliver an information statement to all shareholders entitled to receive the distribution. The information statement will describe Mobility Global, including the risks of owning Mobility Global common stock and other details regarding the separation.The completion of the distribution is subject to a number of customary conditions, including that Mobility Global's registration statement on Form 10 shall have been declared effective by the Securities and Exchange Commission and that no determination will have been made by the Board that it is inadvisable to proceed with the distribution.S&P Global expects that a \"when-issued\" public trading market for Mobility Global common stoc...