IntercontinentalExchange to buy NYSE for $8.2B

[Ross812]

http://finance.yahoo.com/news/intercontinentalexchange-buy-nyse-8-2b-134719377.html

 

IntercontinentalExchange Inc., an upstart exchange based in Atlanta, said Thursday that NYSE Euronext Inc. shareholders can chose to receive either $33.12 in cash, .2581 IntercontinentalExchange Inc. shares, or a combination of $11.27 in cash plus .1703 shares of stock.

 

Lets see if regulators let it happen this time.

[constructive]

With the increased competition in US exchange market share over the last decade, I think this deal will go through.

 

I also think Hong Kong Exchange, Singapore Exchange or Bovespa should think about buying Nasdaq - that would be really strategically significant.

[texual]

Cashed out today, good overall investment. Too bad it took about 3 years till they got bought out. At least there was a dividend through the period.