“The NYSE Euronext (NYX) has approved its merger with InterContinentalExchange (ICE), and by a landslide: with about 63 percent of shareholders voting, the approval rate was roughly 99 percent.
ICE shareholders have also approved the merger.
The combined company will have a roughly $20 billion value, with about 116 million shares fully diluted shares.
The most important development is that this deal makes the combined company a true multi-product exchange: they will have exposure to the premier energy futures trading business, as well as trading of interest rate futures. It will also continue to generate significant income from transactions, derivatives, market data, and technology services. And ICE has a significant clearing operation that was a significant part of the deal.
Allowing customers access to multi-product trading…is what it’s all about in today’s global trading environment….”
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