ICE agrees to acquire MarketAxess for approximately $6 billion

MKTX MarketAxess Holdings Inc

$164.31 +0.09%

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1. 1Intercontinental Exchange (ICE) has agreed to acquire electronic bond-trading platform MarketAxess (MKTX) for $167 per share in cash
2. 2Equity value of approximately $6 billion, a 33% premium over Wednesday's closing price, with an enterprise value of approximately $5.7 billion
3. 3Integrating the fixed-income trading lifecycle onto a single platform, with a target close in the first half of 2027

Source The Wall Street Journal +2 · View original ↗

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