Intercontinental Exchange Inc has successfully merged with NYSE Euronext after the latter's stockholders voted unanimously on the exchange operator's takeover offer worth 8.2 billion.
According to CNBC Trader Talk reporter Bob Pisani, NYSE Euronext's merger with ICE was approved by a landslide with around 63 percent of the stockholders were present for voting on Monday.
The deal received 99 percent of approval from the shareholders while ICE also garnered unanimous approval from its shareholders in a separate voting in Atlanta.
With this development, the combined company of NYSE Euronext and ICE will now value at around $20 billion with roughly 116 million shares fully diluted. Moreover, the mergence allowed the new company to have a true multi-product exchange, giving them exposure to energy and interest future trading business.
A significant growth in income is also expected after the deal, generating a bulk of it from derivatives, transactions, technology services and market data.
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