Skip to comments.ICE Offers to Buy NYSE-Euronext in $8.2 Billion Deal
Posted on 12/20/2012 7:10:40 AM PST by John W
The Intercontinental Exchange confirmed on Thursday plans to buy the NYSE Euronext in a transaction valued at approximately $8.2 billion, bringing to an end the Big Board's storied era of more than two centuries as an independent institution.
In a statement, the ICE said it intends to offer $33.12 per share, representing a premium of about 37 percent over NYSE Euronext's Wednesday closing price.
The deal will be comprised of about 1/3 cash, and 2/3 stock consideration. But in an unexpected move, the ICE's deal with the NYSE could result in the European arm of the exchange being spun off in an initial public offering -- effectively undoing the Big Board purchase of it in 2006.
(Excerpt) Read more at cnbc.com ...
What is the “International Exchange”, just asking.
Where is the money from?
Who actually owns it?
Traded as NYSE: ICE
S&P 500 Component
Industry Business services
Headquarters Atlanta, Georgia
Key people Jeffrey C. Sprecher, Founder/Chairman/CEO
Charles A. Vice, President/COO
Products Options/futures exchange
Revenue US$995 million (2009)
A little footnote: I used to own the domain that the ICE uses theice.com
I sold it to them several years ago for a little over $5000. I should have held out for more!