secwatch.observer — SEC 8-K summary
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Issuer:     Intercontinental Exchange, Inc. (ICE)
CIK:        0001571949
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001193125-23-187760
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ICE and Black Knight agree to sell Optimal Blue to Constellation for $700M to address FTC concerns
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- Purchase price $700M: $200M cash plus $500M promissory note at 7% interest, maturing in 40 years.
- Divestiture contingent on closing of ICE's Black Knight acquisition and prior closing of Empower LOS sale.
- Action taken to address FTC antitrust litigation against the ICE/Black Knight merger.
- Constellation guarantees payment; Constellation Web Solutions guarantees performance obligations.
- Termination possible if deal not closed by Sept 30, 2024, or if Merger Agreement terminates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571949/000119312523187760/0001193125-23-187760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571949/000119312523187760/d507137d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-187760

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer