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ICE Buys MarketAxess for $6B

30 Jul

Summary

Intercontinental Exchange is acquiring MarketAxess.
The deal is valued at approximately $6 billion in cash.
Each MarketAxess share will be purchased for $167.

Intercontinental Exchange (ICE), the parent entity of the New York Stock Exchange, has entered into a definitive agreement to acquire MarketAxess Holdings Inc., a prominent fixed-income trading platform. The transaction, valued at approximately $6 billion in cash, marks a significant move by ICE to enhance its presence in the fixed-income sector.

Under the terms of the acquisition, ICE will purchase all of MarketAxess's outstanding shares. Each share will be acquired for $167, a price that represents a 33% premium over recent market values. This deal is anticipated to bolster ICE's trading capabilities and market reach.

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