Deals & Suits
InterContinentalExchange Inc. is hoping that a friendly deal to acquire NYSE Euronext achieves what a hostile bid could not. ICE agreed on December 20 to pay $8.2 billion, two-thirds in cash and the rest in stock, for NYSE Euro-next, which owns the New York Stock Exchange . The target's shareholders can opt for $33.12 in cash or 0.2581 ICE shares per NYSE Euronext share or a combination of $11.27 per share in cash and 0.1703 of an ICE share, consideration that reflects a 37 percent premium to NYSE Euronext's closing price on the day before the deal was announced.
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