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.
For comments and feedback: editorial@rttnews.com