secwatch.observer — SEC 8-K summary
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Issuer:     Intercontinental Exchange, Inc. (ICE)
CIK:        0001571949
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001193125-23-066270
Event type: m_and_a
Sentiment:  negative
Materiality: 0.78
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FTC sues to block ICE's acquisition of Black Knight; ICE vows to fight
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- FTC filed administrative complaint on March 9, 2023 challenging ICE's proposed acquisition of Black Knight.
- ICE and Black Knight 'strongly disagree' and will 'vigorously oppose' the FTC action in court.
- Parties had agreed to sell Black Knight's Empower LOS business to Constellation Software to address antitrust concerns.
- ICE expects to close the acquisition in the third or fourth quarter of 2023 despite the litigation.
- ICE President Tim Bowler says deal would create a procompetitive end-to-end mortgage solution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571949/000119312523066270/0001193125-23-066270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571949/000119312523066270/d443512d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-066270

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