Loans and salary advances to staff, some of which remain outstanding, a superuser who had the ability to take a transaction from start to finish to the value of $10 million with no approvals and...
You are here
ICE and NYSE Euronext tie-up will close Wednesday
NEW YORK—IntercontinentalExchange says regulators have approved its acquisition of NYSE Euronext and the deal will close Wednesday. IntercontinentalExchange Inc, a futures exchange based in Atlanta, agreed to buy NYSE Euronext in December in a cash-and-stock deal then valued at US$8 billion. ICE valued the deal at US$10.9 billion based on the November 1 closing price of its shares. The sale was expected to close November 4, but was delayed because some European regulatory agencies hadn’t approved it yet.
The European Commission approved the deal in June, and the US Securities and Exchange Commission did so in August. ICE was founded in 2000 and has expanded rapidly through acquisitions. The combined company will be the third-largest exchange group globally, behind Hong Kong Exchanges and Clearing and CME Group Inc, parent of the Chicago Board of Trade and the New York Mercantile Exchange.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.
Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments.
Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.
User profiles registered through fake social media accounts may be deleted without notice.