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US: NYSE, ICE resolve new merger timeline

 |  November 10, 2013

Following the postponement of the completion of the merger between NYSE Euronext and IntercontinentalExchange, the stock exchanges announced a new merger completion date of this Wednesday.

The merger was originally slated to close November 4.

Under terms of the new timeline, NYSE Euronext stock will cease trading this Tuesday; beginning Wednesday, the combined firm will trade under the IntercontinentalExchange name.

ICE’s bid for NYSE is valued at about $8.2 billion. After a nearly one-year saga, the merger has received regulatory approval from all necessary authorities, say reports.

Full Content: The Motley Fool

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