IHS Inc. (IHS) announced Monday morning that it has signed a definitive agreement to acquire R.L. Polk & Co. in a $1.4 billion transaction.
IHS gapped open sharply higher Monday, but traded in a range for the majority of the session. The stock finished up by 3.05 at $109.99 on above average volume. IHS closed challenging resistance, trading at a 2 1/2 month high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.