ICE and NYSE Euronext Set Nov. 4 Closing Date for Merger

IntercontinentalExchange (NYSE: ICE  ) will absorb the stock exchange it's listed on, NYSE Euronext (UNKNOWN: NYX.DL  ) , on Nov. 4. The two companies announced yesterdasy in a joint press release that they have set that date for the closing of ICE's acquisition of the bourse operator.

The closing is contingent on the companies obtaining the remaining approvals they need from European regulators to close the transaction.

Last December, IntercontinentalExchange announced it would pay $33.12 per share for NYSE Euronext. Shareholders were given a choice of taking that amount purely in cash, in IntercontinentalExchange stock, or a combination of both, subject to certain limitations. All told, the transaction was valued at roughly $8.2 billion.

In the press release, the companies said that NYSE Euronext shareholders have until 5 p.m. Eastern time on Oct. 31 to decide on whether and how they will tender their shares.

At the moment, NYSE Euronext has 243 million shares outstanding, and its stock most recently closed at $44.14 per share.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2678991, ~/Articles/ArticleHandler.aspx, 9/18/2014 3:47:52 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement