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  "notes": "The slide uses IHS as a precedent to argue that the I&M segment, if spun off or focused, would achieve similar valuation multiples.",
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      "text": "IHS enjoyed strong revenue growth through the market downturn, generating organic constant-currency revenue growth in every year from 2008-2010. IHS has also been a leader in industry consolidation, having acquired over 30 companies since 2000. The market has rewarded IHS’ strategy and performance with a rich valuation.",
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