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Intercontinentalexchange Group Inc Plans to Spin Off Euronext-Reuters


Tuesday, 19 Nov 2013 11:08am EST 

Reuters reported that IntercontinentalExchange Group Inc plans to spin off Euronext by next summer and to wind down the Big Board parent's technology business. Expense savings from combining the companies are now expected to be $500 million, versus earlier estimates of $450 million, and the headcount of the merged company will fall to around 2,600 or 2,700, down from around 4,100 at present, ICE executives told analysts on a conference call. 

Company Quote

221.62
-2.37 -1.06%
19 Dec 2014