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The Merging of Exchange Powerhouses: IntercontinentalExchange Inc (ICE), NYSE Euronext (NYX)

From Insider Monkey - Free Hedge Fund and Insider Trading Data
January 28, 2013 - 1:55pm
In a December 20, 2012 announcement, commodities exchange powerhouse IntercontinentalExchange Inc (NYSE:ICE) announced its formal intention to purchase New York Stock Exchange operator NYSE Euronext (NYSE:NYX) for approximately $8.2 billion. The complicated cash-and-stock deal offer provides current NYSE shareholders with three distinct options. Each option values NYSE EuroNext at about $33.12 per share. Although such [...]

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