ICE buys Creditex

Intercontinental Exchange (ICE), the electronic commodity exchange with interests in the derivatives and over-the-counter markets, is to acquire Creditex, the CDS processing company.

Worth a total of $625 million, the agreement comprises $565 million in ICE common stock and $60 million in cash. All but $10 million of the cash component will go to Creditex employees holding the company’s stock, with the rest going to Creditex’s other shareholders in lieu of shares of ICE common stock.

The transac

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: