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IntercontinentalExchange (ICE) Buys NYSE Euronext (NYX) in $8.2 Billion Deal

December 20, 2012 8:27 AM EST

IntercontinentalExchange (NYSE: ICE) confirmed a deal to acquire NYSE Euronext (NYSE: NYX) for $33.12 per share in cash and stock, or a total of approximately $8.2 billion.

NYSE Euronext shareholders will have the option to elect to receive consideration per NYSE Euronext share of (i) $33.12 in cash, (ii) 0.2581 IntercontinentalExchange common shares or (iii) a mix of $11.27 in cash plus 0.1703 ICE common shares, subject to a maximum cash consideration of approximately $2.7 billion and a maximum aggregate number of ICE common shares of approximately 42.5 million. The overall mix of the $8.2 billion of merger consideration being paid by ICE is approximately 67% shares and 33% cash. The transaction value of $33.12 represents a 37.7% premium over NYSE Euronext's closing share price on December 19, 2012.

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