Tags: nyse | ICE | exchange | takeover

NYSE Shareholders Approve $10 Billion Takeover by ICE

Monday, 03 Jun 2013 10:58 AM

 

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Both NYSE Euronext and IntercontinentalExchange shareholders are voting in favor of the Big Board's $10 billion acquisition by the ICE.

At a special meeting in New York on Monday, a majority of NYSE's shareholders cast their votes in favor of the deal, according to a statement from the NYSE. In Atlanta, a majority of ICE's shareholders also voted for the deal.

The Atlanta-based exchange announced the cash-and-stock deal in December. Regulators in the U.S. and Europe still have to sign off on it.

ICE plans to put both companies within a new one, ICE Group. The new company's stock would be listed on the New York Stock Exchange under ICE's current stock symbol, "ICE."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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