ICE revises structure of NYSE Euronext deal
3/19/2013 9:49:41 PM
(AP) ICE revises structure of NYSE Euronext deal
By The Associated Press
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".