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IHS stakeholder sells • Business information provider IHS said its largest shareholder would reduce stake in the company by about two-thirds to 6 to 8 percent.
Douglas County-based IHS said Conscientia Investment, which owns 22.4 percent of the company, will sell 8 million shares through a secondary offering.
The stake sale could be worth about $846.7 million, based on the stock’s Monday closing price of $105.84. IHS will not receive any proceeds from the offering.
IHS shares, which have risen 23 percent this year, fell 3.1 percent to $102.54 Tuesday on the New York Stock Exchange. The company, known for publications such as Jane’s Defence Weekly and Global Insight, also reported second-quarter results that topped expectations.
