10 October 2013

NYSE Euronext update on acquisition by ICE

ICE and NYSE Euronext have established a closing date of November 4 2013 for their previously announced transaction. This closing date is predicated upon the receipt by IntercontinentalExchange and NYSE Euronext of remaining European regulatory approvals prior to such date, and may be extended to a later date by further public announcement should any necessary approvals remain outstanding at such date. 

ICE and NYSE Euronext have also established an election deadline for shareholders of NYSE Euronext to make merger consideration elections of stock and/or cash consideration of 5:00 pm, New York City time, on October 31, 2013, with such election deadline being fixed unless extended by ICE through further public announcement.

Shareholders of NYSE Euronext who hold shares through a financial intermediary such as a bank, broker, trust company or other nominee may have an earlier election deadline and should carefully review any instructions received from their bank, broker, trust company or other nominee in order to comply with any earlier deadline.  Information regarding merger consideration election mechanics has previously been distributed to shareholders of NYSE Euronext and/or their financial intermediaries located in non-European jurisdictions, and such information will be sent to shareholders of NYSE Euronext and/or their financial intermediaries located in Europe in the coming days. 

Full press release

See also: Regulation leads to exchange regionalisation - NYSE Euronext official © Reuters

Diverging regulation of financial markets will lead to a regionalisation of cash markets and make future consolidation between US and European exchanges unlikely, the Executive Vice President of NYSE Euronext said on Tuesday. 

© NYSE Euronext