IntercontinentalExchange (ICE) and the New York Stock Exchange (NYSE) today announced that ICE will buy the NYSE Euronext in a stock-and-cash transaction for $33.12 per share, or roughly $8.2 billion. ICE plans to sell Euronext, the NYSE's European stock market business, in an initial public offering when the deal is wrapped up -- likely in the second half of 2013, subject to regulatory approvals in Europe and the U.S. as well as shareholder approval.
ICE will maintain dual headquarters in Atlanta and New York and the exchange will open a new midtown Manhattan office in June 2013. The current chairman and CEO of ICE, Jeff Sprecher, will act as CEO of the combined group.
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