---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-324909"
form_type: "8-K"
ticker: "ICE"
cik: "0001571949"
company_name: "Intercontinental Exchange, Inc."
filed_at: "2026-07-30T11:32:52+00:00"
generated_at: "2026-07-30T11:35:07.281337+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# ICE to acquire MarketAxess for $167/share cash; $6.25B bridge financing arranged

## Summary
- Merger consideration: $167.00 per share in cash for each MarketAxess share.
- ICE secured a $6.25B 364-day bridge facility from Bank of America as backup financing.
- Termination fees: MarketAxess pays $148.8M if it accepts a superior proposal; ICE pays $327.4M if antitrust blocks.
- Closing conditions: MarketAxess stockholder approval, HSR and other regulatory approvals, no material adverse effect.
- MarketAxess equity awards convert to ICE equity or cash; director RSUs cashed out at $167/share.

## SEC filing metadata
- accession: 0001193125-26-324909
- form_type: 8-K
- ticker: ICE
- cik: 0001571949
- company_name: Intercontinental Exchange, Inc.
- filed_at: 2026-07-30T11:32:52+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1571949/000119312526324909/0001193125-26-324909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1571949/000119312526324909/d116245d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-324909
- JSON: https://secwatch.observer/filing/0001193125-26-324909.json
- Plain text: https://secwatch.observer/filing/0001193125-26-324909.txt

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