ICE, NYSE Euronext tweak merger structure

March 19 Tue Mar 19, 2013 3:14pm EDT

March 19 (Reuters) - IntercontinentalExchange has revised the structure of its proposed acquisition of NYSE Euronext to help the deal get regulatory approval.

ICE will acquire NYSE Euronext under a newly formed holding company, ICE Group, the Atlanta-based exchange said in a regulatory filing on Tuesday. ()

ICE announced in December it had agreed to buy NYSE Euronext for $8.2 billion. The deal is currently being vetted by European and U.S. regulators.

Under the new structure, both ICE and NYSE Euronext will become units of ICE Group. Each share of ICE common stock will be converted into the right to receive one share of the new holding company.

Following the deal's close, ICE Group's stock will be listed on the New York Stock Exchange under ICE's current stock symbol "ICE".

The terms of the agreement, including consideration to be paid to NYSE Euronext shareholders, are substantially the same, ICE said in the filing.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video