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Stock Market & Financial Investment News

News Breaks
December 20, 2012
08:28 EDTNYX, ICEICE acquires NYSE Euronext for $33.12 per share in $8.2B deal
IntercontinentalExchange (ICE) and NYSE Euronext (NYX) announced a definitive agreement for ICE to acquire NYSE Euronext in a stock-and-cash transaction. Under the terms of the agreement, which was unanimously approved by the boards of both companies, the transaction is currently valued at $33.12 per NYSE Euronext share, or a total of approximately $8.2B, based on the closing price of ICEís stock on December 19. NYSE Euronext shareholders will have the option to elect to receive consideration per NYSE Euronext share of $33.12 in cash, 0.2581 IntercontinentalExchange common shares or a mix of $11.27 in cash plus 0.1703 ICE common shares, subject to a maximum cash consideration of approximately $2.7B and a maximum aggregate number of ICE common shares of approximately 42.5M. The overall mix of the $8.2B of merger consideration being paid by ICE is approximately 67% shares and 33% cash. NYSE Euronext shareholders will own approximately 36% of ICE shares post-transaction. The transaction is expected to close in the second half 2013. The majority of run-rate expense synergies of $450M are expected to be achieved in the second full year post-closing. Earnings accretion of greater than 15% is expected in the first year post-closing. ICE will maintain dual headquarters in Atlanta and New York. New York headquarters will be located in the Wall Street building. ICE will also open a new midtown Manhattan office in June 2013. ICE intends to explore an initial public offering of Euronext as a Continental European-based entity following the closing of the acquisition if market conditions and European policy makers support the offering. Jeffrey Sprecher will continue as Chairman and CEO of the combined company and Scott Hill as CFO. Duncan Niederauer will be President of the combined company and CEO of NYSE Group. Four members of the NYSE Euronext board will be added to the ICE board which will be expanded to 15 members.
News For ICE;NYX From The Last 14 Days
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December 18, 2014
07:56 EDTICENYSE says raised $182B in 545 transactions in 2014
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06:17 EDTICEIntercontinentalExchange wants to revamp U.S. stock market, WSJ reports
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December 11, 2014
07:24 EDTICEIntercontinentalExchange not currently planning to sell NYSE, Reuters reports
Intercontinental Exchange CEO Jeffrey Sprecher said there are no immediate plans to sell the New York Stock Exchange, Reuters reports, citing comments made at a Goldman Sachs conference. Sprecher said the NYSE could have the fastest EPS growth of all the businesses ICE operates, and expects it will become more profitable as a result of ongoing restructuring. Reference Link
December 9, 2014
16:19 EDTICEAMD announces move to NASDAQ
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December 8, 2014
15:08 EDTICEIntercontinentalExchange sees EUR 96.8M proceeds from sale of Euronext stake
Intercontinental Exchange announced the pricing of the placement of 4.2M shares in Euronext, representing approximately 6% of Euronextís share capital, by way of an accelerated book-building to institutional investors. The gross proceeds to ICE from the sale amount to EUR 96.8M. Following the sale, which is expected to close on December 11, ICE will no longer hold any of Euronextís shares or voting rights and the transaction marks the final exit from Euronext by ICE initiated in 2014, the company said.
11:41 EDTICEIntercontinentalExchange to sell remaining shares in Euronext
Intercontinental Exchange announced its intention to sell approximately 4.2M shares in Euronext N.V., representing approximately 6% of Euronextís share capital, by way of an accelerated book-building to institutional investors. Following the sale, assuming all shares are sold, ICE will no longer hold any of Euronextís share capital and voting rights. This transaction marks the final exit from Euronext by ICE, in line with its previously announced strategy. ICE received a waiver of the lock-up agreement entered into at the time of the Euronext initial public offering in June 2014, which was due to expire on December 21. The shares will be offered by way of a private placement to institutional investors. The book-building will commence immediately. ICE reserves the right to close the books at short notice. Pricing and allocations will be determined at the conclusion of the offering and are expected to be announced in a separate press release.
December 5, 2014
10:00 EDTICEOn The Fly: Analyst Downgrade Summary
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06:15 EDTICEIntercontinentalExchange downgraded to Neutral from Buy at Citigroup
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December 4, 2014
08:52 EDTICEIntercontinentalExchange, Eris Exchange announce global swap futures pact
Intercontinental Exchange and Eris Exchange announced a multi-year license agreement for ICE exchanges to list futures and options based on the Eris Methodology, Erisí patent-pending product design for constructing swap futures in a capital-efficient manner. Under the agreement ICE is licensing the rights to list European and U.S. credit default swap futures and European interest rate futures based on the Eris Methodology. The first product launch under the license agreement will be CDS futures based on the Markit CDX North American Investment Grade and High Yield indices, listed on ICE Futures U.S. and cleared at ICE Clear U.S., subject to regulatory approval.

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