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ICE to acquire NYSE

December 20, 2012

Wall Street is set to see the emergence of the world's biggest stock-market company after IntercontinentalExchange announced a deal to purchase New York Stock Exchange (NYSE). Regulators still need to approve the deal.

building with columns
Image: AP

The takeover of Wall Street stock trading flagship NYSE Euronext would cost IntercontinentalExchange (ICE) $8.2 billion (6.2 billion euros), the derivatives and commodities exchange announced Thursday.

NYSE shareholders would be offered $33.12 per share and would own approximately 36 percent of ICE shares, ICE said, under a deal approved by the supervisory boards of the two financial companies.

If approved by regulators, the deal would lead to the creation of the world's largest stock market operator, with bourses in the United States and Europe.

Last year, IntercontinentalExchange and Nasdaq OMX Group already made a failed $11 billion bid to buy NYSE Euronext.

ICE's new bid came after European regulators blocked German stock market operator Deutsche Börse AG from buying NYSE Euronext at the beginning of 2012.

uhe/pfd (Reuters, AFP, dpa)

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