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ICE Overcomes Trustbusters' Objections in Black Knight AcquisitionThe U.S. Federal Trade Commission has dropped a lawsuit against Intercontinental Exchange's $11.7 billion acquisition of Black Knight after 15 months, two divestitures, and an 11% price cut. This development indicates that trustbusters are occasionally willing to concede. ICE, the operator of the New York Stock Exchange, announced its intention to acquire Black Knight for $13.1 billion in May 2022. The issue arose as both companies are involved in selling software to housing lenders.
Source: Reuters - 🏆 2. / 97 Read more »
ICE Overcomes Hurdles in Acquisition of Black KnightThe U.S. Federal Trade Commission has dropped a lawsuit against Intercontinental Exchange's $11.7 billion acquisition of Black Knight after 15 months, two divestitures, and an 11% price cut. This development indicates that trustbusters are sometimes willing to concede. ICE, the operator of the New York Stock Exchange, announced in May 2022 its plan to acquire Black Knight, a mortgage technology provider.
Source: Breakingviews - 🏆 470. / 51 Read more »