secwatch.observer — SEC 8-K summary
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Issuer:     Intercontinental Exchange, Inc. (ICE)
CIK:        0001571949
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001193125-23-228147
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571949/000119312523228147/0001193125-23-228147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571949/000119312523228147/d529514d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-228147

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