Thursday, December 20, 2012

ICE to acquire NYSE for 8.2 bln dollars

Intercontinental Exchange (ICE) and NYSE Euronext Thursday jointly announced a agreement for ICE to acquire NYSE Euronext in a stock-and-cash transaction for a total of 8.Protected hydraulic pressure andlubricate system to ensure overload safety and good bearing lubrication.series impact Cursher and hydraulic impact crusher.2 billion dollars.prepreg

According to the agreement, the transaction is currently valued at 33.12 dollars per NYSE share,adhesive film based on the closing price of ICE' s stock on December 19, 2012.

The overall mix of the 8.2 billion dollars of merger consideration being paid by ICE is approximately 67 percent in shares and 33 percent in cash.

The two companies said the deal would combine two leading exchange groups to create a global exchange operator diversified across markets including agricultural and energy commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates.

After the transaction, NYSE Euronext shareholders will own approximately 36 percent of ICE. The transaction is expected to close in the second half 2013, while it still needs to be approved by regulators in Europe,carbon sheets U.S. shareholders of both companies.

However, there was doubt whether the acquisition can be approved by regulators, as the ICE merged with NYSE's rival the Nasdaq OMX group more than a year ago, and combining the NYSE and the Nasdaq would create a monopoly power in world stock trading.

The agreement showed ICE is committed to preserving the NYSE Euronext brand and maintaining the position of NYSE Liffe in London as a leading market operator for derivatives products, including its benchmark interest rate complex.cc composite

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