Atlanta-based ICE will acquire the New York Stock Exchange owner to create a “premier global exchange operator” across markets including commodities, credit derivatives, equities and foreign exchange.
The transaction is valued at $33.12 for each NYSE Euronext share, a 28 per cent premium to their closing price yesterday. The $8.2bn deal will be paid a third in cash with the remainder in ICE shares.
“The board of NYSE Euronext carefully considered a range of strategic alternatives and concluded that ICE is the ideal partner for NYSE Euronext in an evolving market landscape,” said NYSE Euronext chairman Jan-Michiel Hessels.
“We look forward to working with ICE to complete this compelling, value-enhancing combination.”
The transaction is expected to close in the second half of next year.