other material
confidence high
sentiment neutral
materiality 0.25
ICE discloses final Black Knight consideration election results; stock oversubscribed
Intercontinental Exchange, Inc.
- 60.9M (39.3%) elected cash; 51.6M (33.3%) elected stock; 42.5M (27.4%) did not elect.
- Stock election oversubscribed; electors received ~67.9% cash and ~32.1% ICE stock per share.
- Cash electors and no-election shares received full $75.867 per share cash consideration.
- ICE completed Black Knight acquisition on September 5, 2023.