NYSE sees IntercontinentalExchange deal closing in 2H13 NYSE Euronext (NYX) said its transaction with IntercontinentalExchange (ICE) is anticipated to close in the second half of 2013. Says HSR filing made in January in U.S. and registration statement filed with the SEC and hopes to hold shareholder meetings in the early spring. Says working with U.S. and EU regulators to advance filing and approval process. Says cost of transitioning Liffe derivatives to ICE Clear is significantly less than what NYSE expected to spend on its own clearing initiative, because of leveraging ICE's existing infrastructure. Comments from Q4 earnings conference call and associated slides.
News For NYX;ICE From The Last 14 Days
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IntercontinentalExchange sees FY14 operating expenses $1.55B-$1.56B For the full year 2014, operating expenses are expected to be $1.55B-$1.56B. The expense guidance is net of acquisition-related transaction and integration costs for all periods. ICE expects operational capital expenditures and capitalized softwarefor the full year 2014 in the range of $165M-$175M. ICE expects capital expenditures related to real estate to be $75M-$85M for the full year of 2014.
IntercontinentalExchange sees Q3 operating expenses $390M-$395M ICE expects operational capital expenditures and capitalized software in the range of $40M-$45M for Q3. ICE expects interest expense in the range of $23M-$24M for Q3 and Q4.