Colorado will lose the headquarters of a big company this year. Englewood-based IHS, a research firm and data provider, announced last week that it will merge with London-based Markit and move its main offices to London.
The Wall Street Journal, MarketWatch, USA Today and other news organizations characterize this as an "inversion" deal, in which an American company moves overseas and saves on taxes. IHS says the move is about more than that.
“The rationale for the merger is to create the leading global information services company and benefit from identified cost and revenue synergies,” Ed Mattix, IHS’s senior vice president for corporate communications, said in a statement. “We have adopted a tax structure we think is most appropriate for the combined company.”
Renae Merle reports on inversions for the Washington Post. She spoke to Colorado Matters host Ryan Warner.