Arab Today, arab today intercontinental exchange to buy idc in 52bn deal
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Intercontinental Exchange to buy IDC in $5.2bn deal

Arab Today, arab today

Arab Today, arab today Intercontinental Exchange to buy IDC in $5.2bn deal

ICE, whose network of exchanges includes the New York Stock Exchange
New York - AFP

Global markets operator Intercontinental Exchange said Monday it was buying Interactive Data Corporation in a $5.2 billion cash-and-stock deal to expand its financial data services.

ICE, whose network of exchanges includes the New York Stock Exchange and the London futures exchange where Brent, the global oil benchmark, is traded, said it was buying IDC from US investment funds Silver Lake and Warburg Pincus.

"This transaction furthers our expansion into meeting the financial information needs of our market participants globally," said ICE chairman and chief executive Jeffrey Sprecher in a statement.

"With our diverse markets across virtually all asset classes, IDC will enable us to address more growth opportunities by leveraging the distribution and reach of our complementary global platforms for trading, clearing and data on a combined basis."

Based in Bedford, Massachusetts, IDC provides financial data to financial institutions, traders, and software and service providers. It has more than 2,400 employees worldwide.

ICE, headquartered in Atlanta, Georgia, owns and operates 11 exchanges and seven clearing houses.

ICE said the boards of both companies had approved the acquisition, which is subject to regulatory approval. The transaction is expected to close by the end of the year.

Under the terms of the agreement, IDC shareholders will receive $3.65 billion in cash and $1.55 billion in ICE shares.

Shares in ICE were down 1.2 percent at $245.92 in afternoon trade on the NYSE.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today intercontinental exchange to buy idc in 52bn deal Arab Today, arab today intercontinental exchange to buy idc in 52bn deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today intercontinental exchange to buy idc in 52bn deal Arab Today, arab today intercontinental exchange to buy idc in 52bn deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday