---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-21-001283"
form_type: "8-K"
ticker: "FDS"
cik: "0001013237"
company_name: "FACTSET RESEARCH SYSTEMS INC"
filed_at: "2021-12-27T23:59:59+00:00"
generated_at: "2026-06-27T22:15:13.254954+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FactSet to acquire CUSIP Global Services from S&P Global for $1.925B cash

## Summary
- Purchase price of $1.925B in cash for S&P Global's CUSIP Global Services division.
- Estimated tax benefit of ~$200M from step-up in tax basis over 15 years.
- CGS generates ~$175M annual revenue with mid- to high-single-digit growth; accretive to FactSet's adjusted EPS and margins in year one.
- Subject to regulatory approvals and closing of S&P Global / IHS Markit merger; expected to close in Q1 2022.
- FactSet secured up to $2.5B in committed financing, including a $500M revolver.

## SEC filing metadata
- accession: 0000950157-21-001283
- form_type: 8-K
- ticker: FDS
- cik: 0001013237
- company_name: FACTSET RESEARCH SYSTEMS INC
- filed_at: 2021-12-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013237/000095015721001283/0000950157-21-001283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013237/000095015721001283/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-21-001283
- JSON: https://secwatch.observer/filing/0000950157-21-001283.json
- Plain text: https://secwatch.observer/filing/0000950157-21-001283.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.