---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-228147"
form_type: "8-K"
ticker: "ICE"
cik: "0001571949"
company_name: "Intercontinental Exchange, Inc."
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-10T23:57:26.078090+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ICE completes $11.9B acquisition of Black Knight; stock consideration oversubscribed, prorated to ~68% cash, ~32% stock

## Summary
- Acquisition completed Sep 5, 2023; total consideration ~$11.9B ($10.505B cash + ~10.9M ICE shares).
- Per share consideration: $75.867 cash or 0.6577 ICE shares based on $115.355 VWAP.
- Stock election oversubscribed; proration yields ~68% cash and ~32% stock for those electing stock.
- ICE to divest Optimal Blue and Empower LOS to Constellation Software Inc. within 20 days per FTC clearance.
- ICE to hold investor conference call on Sep 28, 2023 at 8:30 am ET.

## SEC filing metadata
- accession: 0001193125-23-228147
- form_type: 8-K
- ticker: ICE
- cik: 0001571949
- company_name: Intercontinental Exchange, Inc.
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1571949/000119312523228147/0001193125-23-228147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1571949/000119312523228147/d529514d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-228147
- JSON: https://secwatch.observer/filing/0001193125-23-228147.json
- Plain text: https://secwatch.observer/filing/0001193125-23-228147.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.