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ICE Offers to Buy NYSE-Euronext in $8.2 Billion Deal
cnbc.com ^ | December 20,2012 | Javier E. David

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS:

1 posted on 12/20/2012 7:10:43 AM PST by John W
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To: John W

What is the “International Exchange”, just asking.

Where is the money from?

Who actually owns it?


2 posted on 12/20/2012 7:13:22 AM PST by Cringing Negativism Network
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To: Cringing Negativism Network

Type Public
Traded as NYSE: ICE
S&P 500 Component
Industry Business services
Founded 2000
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)[1]
Website www.theice.com


3 posted on 12/20/2012 7:18:46 AM PST by John W (Viva Cristo Rey!)
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To: John W

Thanks.


4 posted on 12/20/2012 7:24:15 AM PST by Cringing Negativism Network
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To: John W

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!


5 posted on 12/20/2012 7:38:30 AM PST by GnL
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