NYSE Euronext provide IntercontinentalExchange update

PUBLISHED: 01 Nov 2013 @ 02:04 | Comments (0) |

NYSE Euronext have provided the following statement and timeline for the completion of its pending acquisition by IntercontinentalExchange (NYSE:ICE), a leading operator of global markets and clearing houses.

ICE and NYSE Euronext have postponed the closing date of their previously announced merger transaction from November 4, 2013 to a later date to be announced to allow additional time for relevant European regulators and ministries to process and issue their approvals. As previously announced, ICE and NYSE Euronext have received a letter from the Chairmen’s Committee of the Euronext College of Regulators, which includes each individual regulator of the Euronext markets, indicating that it is “not minded to object” to ICE’s proposed acquisition.

ICE and NYSE Euronext are awaiting receipt of the remaining national regulatory approvals, which they expect to receive in the coming days, and anticipate closing the proposed transaction within two business days after receipt of the final regulatory approval.

Neither ICE nor NYSE Euronext anticipates any substantive issues being raised in the context of these remaining European national approvals.

ICE and NYSE Euronext have not extended the election deadline for shareholders of NYSE Euronext to make merger consideration elections of stock and/or cash consideration, which remains 5:00 p.m., New York City time, on October 31, 2013, with such election deadline being fixed unless extended by ICE through further public announcement.

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