Markets

ICE closes on $11B acquisition of NYSE Euronext

NEW YORK (AP) — IntercontinentalExchange has closed on its acquisition of NYSE Euronext.

IntercontinentalExchange, a futures exchange based in Atlanta, reached a deal to buy NYSE Euronext in December in a cash-and-stock deal then valued at $8 billion. ICE valued the deal for the parent of the New York Stock Exchange at about $11 billion based on the Nov. 1 closing price of its shares.

The sale was expected to close Nov. 4, but was delayed because some European regulatory agencies hadn't approved it yet. The European Commission approved the deal in June, and the U.S. Securities and Exchange Commission did so in August.

ICE was founded in 2000 and has expanded rapidly through acquisitions. The combined company will be the third-largest exchange group globally. It will have headquarters in Atlanta and New York.

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