regulatory
confidence high
sentiment positive
materiality 0.75
ICE and Black Knight enter FTC consent order; acquisition expected to close Sept 5
Intercontinental Exchange, Inc.
- ICE and Black Knight signed Agreement Containing Consent Orders with FTC; consent order to be submitted for approval.
- Acquisition expected to close on September 5, 2023, per timing agreement with FTC.
- Black Knight stockholder election deadline for merger consideration: Sept 1, 2023 at 5:00 PM ET.
- Divestitures of Empower and Optimal Blue to Constellation Software to close within 20 days after acquisition.
- Merger consideration: $68.00 per share cash plus variable ICE VWAP component, or stock equivalent subject to proration.