Intercontinental Exchange Inc

NYSE:ICE   3:59:59 PM EDT
99.53
+2.01 (+2.06%)
Mergers / Acquisitions

ICE to buy Black Knight for about $16 Bln

Published: 05/04/2022 19:25 GMT
Intercontinental Exchange Inc (ICE) - Intercontinental Exchange Enters Into Definitive Agreement to Acquire Black Knight.
Intercontinental Exchange Inc - Cash and Stock Transaction Values Black Knight at $85 per Share, Or a Market Value of $13.1 Billion.
Intercontinental Exchange Inc - Definitive Agreement Has Been Unanimously Approved by Boards of Directors of Both Companies.
Intercontinental Exchange Inc - Enterprise Value of Approximately $16 Billion.
Intercontinental Exchange Inc- Transaction to Be Accretive to Adjusted Earnings per Share in First Full Year.
Intercontinental Exchange Inc - Expect to Realize Revenue Synergies, Net of Related Costs, of Approximately $125 Million by Year Five.
Intercontinental Exchange Inc - Cash Consideration of $10.5 Billion Expected to Be Funded With Newly Issued Debt and Cash on Hand at Time of Close.
Intercontinental Exchange Inc - Expect to Realize Cost Synergies of $200 Million, With One-third Realized by Year One, Two-thirds by Year Three.
Intercontinental Exchange Inc - Black Knight Shareholders Can Elect to Receive Either Cash Or Stock, Subject to Proration.