ICE revises structure of NYSE Euronext deal

(AP) - IntercontinentalExchange is revising the structure of its $8.2 billion proposed acquisition of NYSE Euronext.

The Atlanta company announced the deal in December, and it is currently under regulatory review.

ICE said in a Securities and Exchange Commission filing Tuesday that it will buy NYSE Euronext under a newly formed company, ICE Group, which will own both ICE and NYSE Euronext. Each share of ICE common stock will be converted into the right to one share of the new holding company.

According to the filing, all other terms of the deal remain substantially the same

The new company's stock would be listed on the New York Stock Exchange under ICE's current stock symbol "ICE".


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Top Stories

  • Heartstopping
    Daredevils post breathtaking pictures atop Seattle landmarks

  • Snowy Passes
    Escape cold Seattle; go skiing at Crystal Mountain

  • Dirty Wars
    Director Jeremy Scahill says Obama hasn't been fighting a clean war
MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.

Comments