ICE agrees to buy MarketAxess for USD 167 per share in cash, valuing deal at USD 6 billion - ICE News | RalliesICE agrees to buy MarketAxess for USD 167 per share in cash, valuing deal at USD 6 billion
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ICE• ICE to acquire MarketAxess for $167 per share in cash
- ICE agreed to buy MarketAxess for USD 167 per share in cash, valuing the equity at about USD 6 billion.
- The deal implies an enterprise value of about USD 5.7 billion, a 33% premium to MarketAxess’s July 29 close.
- ICE plans to fund the purchase with newly issued debt, including bonds, a term loan, and commercial paper.
- The companies expect USD 100 million of annual run-rate expense synergies within three years, with adjusted EPS accretion in year one.
- Closing is targeted for the first half of 2027, subject to MarketAxess stockholder approval and customary conditions.
