IntercontinentalExchange (ICE) to acquire NYSE

Atlanta based exchange, IntercontinentalExchange Inc., is buying,  more than 200 years old, New York Stock Exchange (NYSE) for about $8 billion.  The deal has been approved by the boards of both companies, but still needs the clearance by regulators and shareholders of both companies. It is likely to close in the second half of 2013.

IntercontinentalExchange, Inc., known as ICE, is an American financial company that operates Internet-based marketplaces which trade futures and over-the-counter (OTC) energy and commodity contracts as well as derivative financial products.

Month: Current Affairs - December, 2012