NYSE To Be Sold To Intercontinental Exchange

12:51 PM, Dec 20, 2012   |    comments
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The New York Stock Exchange may soon have new ownership.
IntercontinentalExchange is looking to buy the parent company of the icononic institution ...NYSE Euronext... in an $8.2 billion dollar cash and stock deal.

In the deal announced today, IntercontinentalExchange will pay $33.12 a share for NYSE Euronext.

That's a premium of 38% over its closing price Wednesday.
After the news broke, shares of NYSE Euronext were surging 35 percent

The deal has been given the green light by the boards of both companies, but is still subject to regulatory approval.

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