McGraw HillFinancial Inc. plans to change its name to S&P Global, thecompany announced Feb. 4.
The name change will be effective pending a shareholder voteon April 27.
In addition, the company said it received considerableinterest from third parties in connection with its itsJ.D. Power business. The company believes a is probable in the next year.
McGraw Hill repurchased 5 million shares during the fourthquarter of 2015, bringing total repurchases in the year to 10 million shares.The company has approximately 35 million shares remaining under the existingshare repurchase authorization from the board. In 2016, the company anticipatescontinuing its share repurchase program, subject to domestic cash availabilityand market conditions.
S&P Ratings and Capital IQ +SNL Financial are owned by McGraw Hill Financial.