IntercontinentalExchange Closes Acquisition Of NYSE Euronext - Quick Facts

(RTTNews) - IntercontinentalExchange Group Inc. (ICE), global network of exchanges and clearing houses, announced Wednesday that it has completed acquisition of NYSE Euronext (NYX). The stock-and-cash transaction has a total value of about $11 billion.

The company said it has a combined market capitalization of $23 billion. The combined company operates 16 global exchanges and five central clearing houses.

The company stated that ICE and NYSE Euronext businesses will continue to operate under their respective brand names. As previously announced, the company expects to conduct an IPO for the Euronext group of Continental European exchanges as a stand-alone entity, subject to market conditions and regulatory approvals.

Jeffrey Sprecher will serve as Chairman and CEO of IntercontinentalExchange Group, Inc. or ICE, while Chuck Vice will serve as President and COO of ICE. Scott Hill will serve as CFO of ICE.

Duncan Niederauer will be President of ICE and CEO of NYSE. Thomas Farley, currently SVP, Financial Markets at ICE, will become COO of NYSE.

IntercontinentalExchange Inc. had agreed in December to acquire NYSE Euronext in cash and stock deal valued at about $8.2 billion, and planned an initial public offering to spin-off Euronext as a Continental European-based entity.