Intercontinental Exchange to acquire MarketAxess for $167 per share in cash

MARKETAXESS HOLDINGS INC

• ICE to acquire MarketAxess for $167.00 per share in cash; total equity value not disclosed.
• Board unanimously approved the merger and recommends stockholders vote to adopt the agreement.
• Company termination fee of $148.8M if it accepts a superior proposal; Parent termination fee of $327.4M if antitrust blocks deal.
• Closing expected by July 29, 2027, subject to stockholder approval, HSR clearance, and other conditions.
• CEO Christopher Concannon and other executives received amended severance agreements with accelerated vesting and lump-sum payments.