ICE to buy MarketAxess for USD 167 a share in cash valuing deal at USD 6 billion
MKTX•Timing and approvals
Closing is expected in the first half of 2027, pending a MarketAxess stockholder vote and required clearances.
ICE agrees to acquire MarketAxess in all-cash deal
Intercontinental Exchange agreed to buy MarketAxess for USD 167 per share in cash, valuing equity at about USD 6 billion.
The deal implies total enterprise value of about USD 5.7 billion, a 33% premium to the July 29, 2026 close.
Funding is planned via newly issued debt; ICE also lifted baseline share repurchases to USD 400 million per quarter from USD 350 million.
ICE targets USD 100 million of annual run-rate expense synergies within three years and expects adjusted EPS accretion in year one.
