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Screenshot of a breaking news alert e-mail from Q2 2017
In tune with an earlier announcement, international network of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) today said it completed the $5.2 billion acquisition of Interactive Data Corporation (Interactive Data), a provider of financial market data, analytics and related trading solutions.
Following the deal completion, Interactive Data becomes a wholly-owned subsidiary of ICE. Interactive Data was acquired from Silver Lake and Warburg Pincus for approximately $3.65 billion in cash and approximately 6.47 million shares of ICE common stock.
In November 2015, ICE said it priced an underwritten public offering of $2.5 billion in new senior notes, with the proceeds used for funding the cash part of the deal.
Jeffrey C. Sprecher, ICE Chairman and CEO, commented,
“Interactive Data is a cornerstone in ICE’s strategy to provide more data and valuation services to our customers around the world. This acquisition strengthens our expertise and ability to meet the rising global demand for financial data and analysis. We look forward to building on their track record of growth, while delivering strong value to our shareholders by leveraging our experience in integration, technology and markets.”
To view the official announcement from ICE, click here.