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Slide #38. IntercontinentalExchange Group, Inc. — Singapore Mercantile Exchange
Acquirer:
IntercontinentalExchange Group, Inc. (NYSE:ICE)
Acquiree:
Singapore Mercantile Exchange
Details:
IntercontinentalExchange Group, Inc. (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced a definitive agreement to acquire Singapore Mercantile Exchange (SMX) in an all-cash transaction. The acquisition will add to ICE's current network of markets and clearing houses in the U.S., Canada, Brazil, the U.K. and continental Europe.
Intercontinental Exchange is a holding company. Through its subsidiaries, Co. provides market infrastructure, data services and technology solutions. Co.'s segments are: Exchanges, which operates regulated marketplaces for the listing, trading and clearing of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange and equities; Fixed Income and Data Services, which includes fixed income data and analytics offerings, fixed income execution, credit default swaps clearing and other multi-asset class data and network services; and Mortgage Technology, which includes origination technology, closing solutions, data and analytics, and other services.
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Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: ICE Stock Forecast Based on Zacks ABR data; powered by Xignite |