ICE to Acquire MarketAxess for $6 Billion in Cash
Filed with the SEC on · Summarized by InvestorsBot
Intercontinental Exchange agreed to acquire MarketAxess Holdings for $167 per share in cash, representing approximately $6.0 billion of equity value and a 33% premium to MarketAxess’s July 29 closing price. ICE expects the deal to create an integrated fixed-income marketplace, with $100 million in annual run-rate expense synergies and adjusted EPS accretion expected in the first full year; closing is targeted for the first half of 2027, subject to MarketAxess stockholder approval and regulatory clearances.