A 4.88% slide to $447.05 is an outsized day for a name that usually trades like a utility, and it comes after a Q3 earnings beat paired with a review of spinning off Capital IQ. Shareholders are voting on the breakup math.
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Down 4.2% to $450.29 even after a Q3 earnings beat, with a Capital IQ spin review now hanging over the data business. A selloff on good numbers says the market cares more about what gets carved out next.
S&P Global opened a strategic review of Capital IQ and the associated Kensho data assets, putting a potential separation of its best-known data franchise on the table. Full-year adjusted EPS guidance went up to $17.70 to $17.95.
The top legal seat at a $126 billion ratings and data franchise just changed hands, and that desk owns everything from regulatory scrutiny of the ratings business to deal structuring. Kim's equity grants and future trades now show up on the insider tape, giving investors a direct read on how leadership is positioned.
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