Quartz·1 min read·medium
Intercontinental Exchange is buying bond-trading platform MarketAxess for $6 billion
✦AI Summary
Intercontinental Exchange (ICE) has announced a $6 billion acquisition of the bond-trading platform MarketAxess. The deal involves a cash payment of $167 per share, representing a significant premium over the previous closing price.
ICE will pay $167 a share in cash for MarketAxess, a 33% premium to its closing price on Wednesday
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